Energy & Technology (Energy & Technology) Days Payable : 174.95 (As of Sep. 2018)

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What is Energy & Technology Days Payable?

Energy & Technology's average Accounts Payable for the three months ended in Sep. 2018 was $1.04 Mil. Energy & Technology's Cost of Goods Sold for the three months ended in Sep. 2018 was $0.54 Mil. Hence, Energy & Technology's Days Payable for the three months ended in Sep. 2018 was 174.95.

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

ENGT's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 61.41
* Ranked among companies with meaningful Days Payable only.

Energy & Technology's Days Payable increased from Sep. 2017 (111.00) to Sep. 2018 (174.95). It may suggest that Energy & Technology delayed paying its suppliers.

Energy & Technology Days Payable Historical Data

The historical data trend for Energy & 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.

* Premium members only.

Energy & Technology Days Payable Chart

Energy & Technology Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Payable

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210.86

228.90

265.19

126.54

122.85

Energy & Technology Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Days Payable	Get a 7-Day Free Trial															111.00	155.80	166.90	129.59	174.95

Competitive Comparison of Energy & Technology's Days Payable

For the Oil & Gas Equipment & Services subindustry, Energy & 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.

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

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

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

Energy & 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.

Energy & Technology's Days Payable for the fiscal year that ended in Dec. 2017 is calculated as

	Days Payable (A: Dec. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2016 )	+	Accounts Payable (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (0.615	+	0.979)	/	2 )	/	2.368	*	365
=	0.797					/	2.368	*	365
=	122.85

Energy & Technology's Days Payable for the quarter that ended in Sep. 2018 is calculated as:

	Days Payable (Q: Sep. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2018 )	+	Accounts Payable (Q: Sep. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
=	( (1.008	+	1.078)	/	2 )	/	0.544	*	365 / 4
=	1.043					/	0.544	*	365 / 4
=	174.95

Energy & Technology Days Payable Related Terms

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Energy & Technology (Energy & Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Energy & Technology Corp (OTCPK:ENGT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 52523, Lafayette, LA, USA, 70505

Website

https://www.engt.com

Energy & Technology Corp is engaged in the manufacturing and reclamation of commodities, energy, technology, oil and gas equipment, and products. The company offers services, which include engineering, manufacturing, reclamation, sales, destructive and non-destructive testing (NDT), inspection services, storage, and maintenance for pipes and equipment utilized in the energy industry. The manufactured pipe and equipment are supplied to the company by various steel mills in finished or unfinished form for it to process.

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