Alvopetro Energy (Alvopetro Energy) Days Payable : 195.88 (As of Dec. 2023)

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What is Alvopetro Energy Days Payable?

Alvopetro Energy's average Accounts Payable for the three months ended in Dec. 2023 was $8.06 Mil. Alvopetro Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $3.75 Mil. Hence, Alvopetro Energy's Days Payable for the three months ended in Dec. 2023 was 195.88.

The historical rank and industry rank for Alvopetro Energy's Days Payable or its related term are showing as below:

ALVOF' s Days Payable Range Over the Past 10 Years
Min: 102.99 Med: 174.17 Max: 210.41
Current: 208.33

During the past 12 years, Alvopetro Energy's highest Days Payable was 210.41. The lowest was 102.99. And the median was 174.17.

ALVOF's Days Payable is ranked better than
82.98% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs ALVOF: 208.33

Alvopetro Energy's Days Payable increased from Dec. 2022 (178.53) to Dec. 2023 (195.88). It may suggest that Alvopetro Energy delayed paying its suppliers.

Alvopetro Energy Days Payable Historical Data

The historical data trend for Alvopetro Energy's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Alvopetro Energy Days Payable Chart

Alvopetro Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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210.41

102.97

158.67

192.22

Alvopetro Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															178.53	170.44	218.38	278.94	195.88

Competitive Comparison of Alvopetro Energy's Days Payable

For the Oil & Gas E&P subindustry, Alvopetro Energy's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Alvopetro Energy's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Alvopetro Energy's Days Payable distribution charts can be found below:

* The bar in red indicates where Alvopetro Energy's Days Payable falls into.

Alvopetro Energy Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Alvopetro Energy's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (7.595	+	6.662)	/	2 )	/	13.536	*	365
=	7.1285					/	13.536	*	365
=	192.22

Alvopetro Energy's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (9.451	+	6.662)	/	2 )	/	3.753	*	365 / 4
=	8.0565					/	3.753	*	365 / 4
=	195.88

Alvopetro Energy Days Payable Related Terms

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Alvopetro Energy (Alvopetro Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Alvopetro Energy Ltd (OTCPK:ALVOF) » Definitions » Days Payable

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ALV:Canada

Address

215 - 9th Avenue SW, Suite 1920, Calgary, AB, CAN, T2P 1K3

Website

https://www.alvopetro.com

Alvopetro Energy Ltd is a Canada-based resource company engaged in the exploration, acquisition, development, and production of hydrocarbons in Brazil. It generates revenue from Natural gas, oil, and condensate sales, and all of its revenue is derived from Brazil. All natural gas, oil and condensate sales revenue is derived from Brazilian operations. All exploration and evaluation assets and all material property, plant and equipment are located in Brazil.