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CEIEF (Coelacanth Energy) Days Payable : 451.04 (As of Sep. 2024)


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What is Coelacanth Energy Days Payable?

Coelacanth Energy's average Accounts Payable for the three months ended in Sep. 2024 was $5.54 Mil. Coelacanth Energy's Cost of Goods Sold for the three months ended in Sep. 2024 was $1.12 Mil. Hence, Coelacanth Energy's Days Payable for the three months ended in Sep. 2024 was 451.04.

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

CEIEF' s Days Payable Range Over the Past 10 Years
Min: 29.54   Med: 354.18   Max: 1621.77
Current: 650.9

During the past 3 years, Coelacanth Energy's highest Days Payable was 1621.77. The lowest was 29.54. And the median was 354.18.

CEIEF's Days Payable is ranked better than
92.53% of 870 companies
in the Oil & Gas industry
Industry Median: 59.735 vs CEIEF: 650.90

Coelacanth Energy's Days Payable declined from Sep. 2023 (1,951.60) to Sep. 2024 (451.04). It may suggest that Coelacanth Energy accelerated paying its suppliers.

Coelacanth Energy Days Payable Historical Data

The historical data trend for Coelacanth 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.

* Premium members only.

Coelacanth Energy Days Payable Chart

Coelacanth Energy Annual Data
Trend Dec21 Dec22 Dec23
Days Payable
29.50 355.48 1,617.51

Coelacanth Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1,951.60 1,148.06 651.98 155.90 451.04

Competitive Comparison of Coelacanth Energy's Days Payable

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

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

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

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


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Coelacanth 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.

Coelacanth 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
=( (5.52 + 19.66) / 2 ) / 2.841*365
=12.59 / 2.841*365
=1,617.51

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

Days Payable (Q: Sep. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2024 ) + Accounts Payable (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (2.098 + 8.984) / 2 ) / 1.121*365 / 4
=5.541 / 1.121*365 / 4
=451.04

* 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.

Coelacanth Energy Days Payable Related Terms

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Coelacanth Energy Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coelacanth Energy Inc (OTCPK:CEIEF) » Definitions » Days Payable
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Traded in Other Exchanges
CEI:Canada
Address
530-8th Avenue SW?, Suite 2110, Calgary, AB, CAN, T2P 3S8?
Website
https://www.coelacanth.ca
Coelacanth Energy Inc is a Montney-focused oil and natural gas exploration and development company, actively engaged in the acquisition ,development, exploration, and production of oil and natural gas reserves in northeastern British Columbia, Canada with lands located in the Two Rivers area of northeastern British Columbia.