CRBO (Carbon Energy) Days Payable: 47.73 (As of Jun. 2020)

What is Carbon Energy Days Payable?

Carbon Energy CRBO +20.00% 12 Days Payable is 47.73 as of Jun. 2020. GuruFocus rates CRBO with a GF Score™ of 12/100.

Carbon Energy's average Accounts Payable for the three months ended in Jun. 2020 was $6.0 Mil. Carbon Energy's Cost of Goods Sold for the three months ended in Jun. 2020 was $11.5 Mil. Hence, Carbon Energy's Days Payable for the three months ended in Jun. 2020 was 47.73.

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

CRBO's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 57.95
* Ranked among companies with meaningful Days Payable only.

Carbon Energy's Days Payable increased from Jun. 2019 (38.18) to Jun. 2020 (47.73). It may suggest that Carbon Energy delayed paying its suppliers.

Carbon Energy Days Payable Related Terms

Carbon Energy Days Payable Historical Data

* Premium members only.

The historical data trend for Carbon 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.

Carbon Energy Days Payable Chart

Carbon Energy Annual Data

Trend

Mar10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Payable

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87.80

139.28

147.59

98.51

53.45

Carbon Energy Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Days Payable	Get a 7-Day Free Trial															38.18	38.87	51.90	49.56	47.73

CRBO vs PRT, CHAP, SNUYF: Days Payable Comparison

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

Carbon Energy Days Payable vs Oil & Gas Industry

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

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

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Carbon Energy Corp CRBO

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Carbon 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.

Carbon Energy's Days Payable for the fiscal year that ended in Dec. 2019 is calculated as

	Days Payable (A: Dec. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2018 )	+	Accounts Payable (A: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2019 )	*	Days in Period
=	( (10.345	+	13.495)	/	2 )	/	81.394	*	365
=	11.92					/	81.394	*	365
=	53.45

Carbon Energy's Days Payable for the quarter that ended in Jun. 2020 is calculated as:

	Days Payable (Q: Jun. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2020 )	+	Accounts Payable (Q: Jun. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2020 )	*	Days in Period
=	( (8.148	+	3.852)	/	2 )	/	11.471	*	365 / 4
=	6					/	11.471	*	365 / 4
=	47.73

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 47.73 mean?

Carbon Energy (CRBO) has a Days Payable of 47.73 as of Jun. 2020. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Carbon Energy and its competitors.

Is Carbon Energy's Days Payable too high?

Carbon Energy's current Days Payable is 47.73. The Oil & Gas industry median Days Payable is 57.95. Carbon Energy's value of 47.73 is 17.6% below this industry median. Overall, Carbon Energy has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Carbon Energy's Days Payable compare to PRT and CHAP?

Carbon Energy's Days Payable of 47.73 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.95. Carbon Energy's value of 47.73 is 17.6% below 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 57.95, based on 849 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. Carbon Energy's current Days Payable of 47.73 is 17.6% below 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 Carbon Energy and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carbon Energy's current Days Payable is 47.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Carbon Energy stock overvalued right now?

Carbon Energy (CRBO) has a current Days Payable of 47.73. The current Days Payable is 47.73 and 17.6% below the Oil & Gas industry median of 57.95. Carbon Energy's overall GF Score™ is 12/100. 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 Carbon Energy (CRBO), the current Days Payable is 47.73 as of Jun. 2020. 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.

Carbon Energy Business Description

Industry Energy Oil & Gas

Comparable Companies PRT CHAP SNUYF PER TRCH RSRV SNDE INDO CHKR VOC HKSE:00883 COP MIC:NVTK EOG TSE:8031 TSX:CNQ PXD HES ASX:WPL OXY

Address 200 Union Salvador, Suite 200, Lakewood, CO, USA, 80228

Website https://www.carbonenergycorp.com

Carbon Energy Corp is an independent natural gas and oil company engaged in the acquisition, exploration, development, and production of oil, natural gas and natural gas liquids properties located in the United States. The company operates in Kentucky, Ohio, Tennessee, Virginia, and West Virginia, California, Illinois, and Indiana.

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