ARSLF (Altima Energy) Days Payable : 552.35 (As of Nov. 2024)

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What is Altima Energy Days Payable?

Altima Energy's average Accounts Payable for the three months ended in Nov. 2024 was $4.90 Mil. Altima Energy's Cost of Goods Sold for the three months ended in Nov. 2024 was $0.81 Mil. Hence, Altima Energy's Days Payable for the three months ended in Nov. 2024 was 552.35.

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

ARSLF' s Days Payable Range Over the Past 10 Years
Min: 640.04 Med: 1821.93 Max: 5022.4
Current: 641.46

During the past 13 years, Altima Energy's highest Days Payable was 5022.40. The lowest was 640.04. And the median was 1821.93.

ARSLF's Days Payable is ranked better than
92.3% of 870 companies
in the Oil & Gas industry
Industry Median: 60.01 vs ARSLF: 641.46

Altima Energy's Days Payable declined from Nov. 2023 (710.83) to Nov. 2024 (552.35). It may suggest that Altima Energy accelerated paying its suppliers.

Altima Energy Days Payable Historical Data

The historical data trend for Altima 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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Altima Energy Days Payable Chart

Altima Energy Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Feb22

Feb23

Feb24

Days Payable

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5,042.17

1,048.25

1,001.14

641.06

Altima Energy Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Days Payable	Get a 7-Day Free Trial															710.83	439.15	846.90	1,038.96	552.35

Competitive Comparison of Altima Energy's Days Payable

For the Oil & Gas E&P subindustry, Altima 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.

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

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

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

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Altima 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.

Altima Energy's Days Payable for the fiscal year that ended in Feb. 2024 is calculated as

	Days Payable (A: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2023 )	+	Accounts Payable (A: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2024 )	*	Days in Period
=	( (4.154	+	4.877)	/	2 )	/	2.571	*	365
=	4.5155					/	2.571	*	365
=	641.06

Altima Energy's Days Payable for the quarter that ended in Nov. 2024 is calculated as:

	Days Payable (Q: Nov. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2024 )	+	Accounts Payable (Q: Nov. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2024 )	*	Days in Period
=	( (4.847	+	4.947)	/	2 )	/	0.809	*	365 / 4
=	4.897					/	0.809	*	365 / 4
=	552.35

Altima Energy Days Payable Related Terms

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Altima Energy Business Description

Industry

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AKC:Germany ARH:Canada

Address

595 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T5

Website

https://www.altimaenergy.com

Altima Energy Inc is a junior energy company engaged in the exploring and developing oil and natural gas assets in Western Canada. It is exploration in regions such as the Deep Basin of West Central Alberta and Rainbow Lake in Northwestern Alberta.