CTBG (Coil Tubing Technology) Days Payable: 21.99 (As of Sep. 2015)


What is Coil Tubing Technology Days Payable?

Coil Tubing Technology CTBG Days Payable is 21.99 as of Sep. 2015.

Coil Tubing Technology's average Accounts Payable for the three months ended in Sep. 2015 was $0.13 Mil. Coil Tubing Technology's Cost of Goods Sold for the three months ended in Sep. 2015 was $0.53 Mil. Hence, Coil Tubing Technology's Days Payable for the three months ended in Sep. 2015 was 21.99.

The historical rank and industry rank for Coil Tubing Technology's Days Payable or its related term are showing as below:

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

Coil Tubing Technology's Days Payable declined from Sep. 2014 (48.55) to Sep. 2015 (21.99). It may suggest that Coil Tubing Technology accelerated paying its suppliers.

Coil Tubing Technology Days Payable Historical Data

* Premium members only.

The historical data trend for Coil Tubing Technology'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.

Coil Tubing Technology Days Payable Chart

Coil Tubing Technology Annual Data
Trend Dec11 Dec12 Dec13 Dec14
Days Payable
188.08 82.93 41.17 40.36

Coil Tubing Technology Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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 48.55 43.73 52.03 39.52 21.99

CTBG vs ESES, BMMCF, FLSS: Days Payable Comparison

For the Oil & Gas Equipment & Services subindustry, Coil Tubing Technology'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.

Coil Tubing Technology Days Payable vs Oil & Gas Industry

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

* The bar in red indicates where Coil Tubing Technology's Days Payable falls into.


Coil Tubing Technology 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.

Coil Tubing Technology's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable (A: Dec. 2014 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2013 ) + Accounts Payable (A: Dec. 2014 )) / count ) / Cost of Goods Sold (A: Dec. 2014 )*Days in Period
=( (0.332 + 0.45) / 2 ) / 3.536*365
=0.391 / 3.536*365
=40.36

Coil Tubing Technology's Days Payable for the quarter that ended in Sep. 2015 is calculated as:

Days Payable (Q: Sep. 2015 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2015 ) + Accounts Payable (Q: Sep. 2015 )) / count ) / Cost of Goods Sold (Q: Sep. 2015 )*Days in Period
=( (0.139 + 0.114) / 2 ) / 0.525*365 / 4
=0.1265 / 0.525*365 / 4
=21.99

* 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 21.99 mean?
Coil Tubing Technology (CTBG) has a Days Payable of 21.99 as of Sep. 2015. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Coil Tubing Technology and its competitors.
Is Coil Tubing Technology's Days Payable too high?
Coil Tubing Technology's current Days Payable is 21.99. The Oil & Gas industry median Days Payable is 57.15. Coil Tubing Technology's value of 21.99 is 61.5% below this industry median.
How does Coil Tubing Technology's Days Payable compare to ESES and BMMCF?
Coil Tubing Technology's Days Payable of 21.99 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.15. Coil Tubing Technology's value of 21.99 is 61.5% 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 57.15, 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. Coil Tubing Technology's current Days Payable of 21.99 is 61.5% 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 Coil Tubing Technology 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. Coil Tubing Technology's current Days Payable is 21.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coil Tubing Technology stock overvalued right now?
Coil Tubing Technology (CTBG) has a current Days Payable of 21.99. The current Days Payable is 21.99 and 61.5% below the Oil & Gas industry median of 57.15. 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 Coil Tubing Technology (CTBG), the current Days Payable is 21.99 as of Sep. 2015. 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.

Coil Tubing Technology Business Description

Industry EnergyOil & Gas
Address 11237 Crown Park Drive, Suite D, Houston, TX, USA, 77067
Coil Tubing Technology Inc is a United States based company. The firm provides coil tubing products and service solutions to oil and gas clients. It is engaged in the development and marketing of specialty tools and related technical solutions used with coil tubing and jointed pipe in the bottomhole assembly for the exploration and production of hydrocarbons. Its products portfolio includes jet hammer tool, jet nozzle, oscillator, rotating tool, amplidyne, and ampli-max.