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


ARSLF Altima Energy Inc ARSLF
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What is Altima Energy Days Payable?

Altima Energy ARSLF -99.90% 13 Days Payable is 552.35 as of Nov. 2024. GuruFocus rates ARSLF with a GF Score™ of 13/100.

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 is not ranked *
in the Oil & Gas industry.
Industry Median: 57.145
* Ranked among companies with meaningful Days Payable only.

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

* Premium members only.

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.

Altima Energy Days Payable Chart

Altima Energy Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Feb22 Feb23 Feb24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,048.25 912.61 0.00 1,001.14 641.06

Altima Energy Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 710.83 439.15 846.90 1,038.96 552.35

ARSLF vs COP, EOG, FANG: Days Payable Comparison

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 Days Payable vs 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.


ARSLF
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Altima Energy Inc ARSLF
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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

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 552.35 mean?
Altima Energy (ARSLF) has a Days Payable of 552.35 as of Nov. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Altima Energy and its competitors.
Is Altima Energy's Days Payable too high?
Altima Energy's current Days Payable is 552.35. The Oil & Gas industry median Days Payable is 57.15. Altima Energy's value of 552.35 is 866.6% above this industry median. Overall, Altima Energy has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Altima Energy's Days Payable compare to COP and EOG?
Altima Energy's Days Payable of 552.35 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.15. Altima Energy's value of 552.35 is 866.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.15, based on 854 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Altima Energy's current Days Payable of 552.35 is 866.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Altima Energy and its competitors. For the Oil & Gas industry, the median Days Payable is 57.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altima Energy's current Days Payable is 552.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altima Energy stock overvalued right now?
Altima Energy (ARSLF) has a current Days Payable of 552.35. The current Days Payable is 552.35 and 866.6% above the Oil & Gas industry median of 57.15. Altima Energy's overall GF Score™ is 13/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Altima Energy (ARSLF), the current Days Payable is 552.35 as of Nov. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Altima Energy Business Description

Industry EnergyOil & Gas
Address 595 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T5
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.
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