CNQ (Canadian Natural Resources) Days Payable : 18.39 (As of Sep. 2024)

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What is Canadian Natural Resources Days Payable?

Canadian Natural Resources's average Accounts Payable for the three months ended in Sep. 2024 was $1,101 Mil. Canadian Natural Resources's Cost of Goods Sold for the three months ended in Sep. 2024 was $5,463 Mil. Hence, Canadian Natural Resources's Days Payable for the three months ended in Sep. 2024 was 18.39.

The historical rank and industry rank for Canadian Natural Resources's Days Payable or its related term are showing as below:

CNQ' s Days Payable Range Over the Past 10 Years
Min: 11.76 Med: 15.83 Max: 17.33
Current: 16.54

During the past 13 years, Canadian Natural Resources's highest Days Payable was 17.33. The lowest was 11.76. And the median was 15.83.

CNQ's Days Payable is ranked worse than
88.62% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs CNQ: 16.54

Canadian Natural Resources's Days Payable increased from Sep. 2023 (14.00) to Sep. 2024 (18.39). It may suggest that Canadian Natural Resources delayed paying its suppliers.

Canadian Natural Resources Days Payable Historical Data

The historical data trend for Canadian Natural Resources'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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Canadian Natural Resources Days Payable Chart

Canadian Natural Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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15.97

15.30

12.04

12.03

17.22

Canadian Natural Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															14.00	15.88	16.39	17.45	18.39

Competitive Comparison of Canadian Natural Resources's Days Payable

For the Oil & Gas E&P subindustry, Canadian Natural Resources'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.

Canadian Natural Resources's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Canadian Natural Resources's Days Payable falls into.

Canadian Natural Resources 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.

Canadian Natural Resources'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
=	( (987.118	+	1056.947)	/	2 )	/	21662.194	*	365
=	1022.0325					/	21662.194	*	365
=	17.22

Canadian Natural Resources'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
=	( (1351.332	+	850.436)	/	2 )	/	5462.867	*	365 / 4
=	1100.884					/	5462.867	*	365 / 4
=	18.39

Canadian Natural Resources Days Payable Related Terms

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Canadian Natural Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canadian Natural Resources Ltd (NYSE:CNQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CRC:Germany CRC:Germany CNQ:Canada

Address

855 - 2nd Street South West, Suite 2100, Corporate Resources, Calgary, AB, CAN, T2P 4J8

Website

https://www.cnrl.com

Canadian Natural Resources Ltd is an independent crude oil and natural gas exploration, development, and production company. The Company's exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea, and Cote d'Ivoire and South Africa in Offshore Africa. The Company's exploration and production activities are conducted in three geographic segments: North America, the North Sea, and Offshore Africa. These activities include exploring, developing, producing, and marketing crude oil, natural gas liquids, and natural gas. The company has two divisions; Oil Sands Mining and Upgrading, Midstream and Refining. It derives a majority of its revenue from North America.