CRLFF (Cardinal Energy) Days Payable : 179.57 (As of Dec. 2024)

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What is Cardinal Energy Days Payable?

Cardinal Energy's average Accounts Payable for the three months ended in Dec. 2024 was $76.0 Mil. Cardinal Energy's Cost of Goods Sold for the three months ended in Dec. 2024 was $38.6 Mil. Hence, Cardinal Energy's Days Payable for the three months ended in Dec. 2024 was 179.57.

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

CRLFF' s Days Payable Range Over the Past 10 Years
Min: 84.94 Med: 118.59 Max: 204.27
Current: 158.7

During the past 13 years, Cardinal Energy's highest Days Payable was 204.27. The lowest was 84.94. And the median was 118.59.

CRLFF's Days Payable is ranked better than
77.93% of 870 companies
in the Oil & Gas industry
Industry Median: 59.67 vs CRLFF: 158.70

Cardinal Energy's Days Payable increased from Dec. 2023 (140.85) to Dec. 2024 (179.57). It may suggest that Cardinal Energy delayed paying its suppliers.

Cardinal Energy Days Payable Historical Data

The historical data trend for Cardinal 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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Cardinal Energy Days Payable Chart

Cardinal Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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200.79

138.79

124.45

147.02

167.45

Cardinal Energy Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															140.85	159.70	141.03	156.38	179.57

Competitive Comparison of Cardinal Energy's Days Payable

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

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

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

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

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Cardinal 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.

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

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (64.15	+	76.779)	/	2 )	/	153.597	*	365
=	70.4645					/	153.597	*	365
=	167.45

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

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (75.162	+	76.779)	/	2 )	/	38.604	*	365 / 4
=	75.9705					/	38.604	*	365 / 4
=	179.57

Cardinal Energy Days Payable Related Terms

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Cardinal Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cardinal Energy Ltd (OTCPK:CRLFF) » Definitions » Days Payable

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C0Y:Germany CJ:Canada

Address

400 - 3rd Avenue SW, Suite 600, Calgary, AB, CAN, T2P 4H2

Website

https://www.cardinalenergy.ca

Cardinal Energy Ltd is an oil-focused Canadian company. The company's principal business activity is the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. The company generates majority of its revenue from Crude oil sales by product.