Enerjex Resources (Enerjex Resources) Days Payable : 134.31 (As of Mar. 2024)

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What is Enerjex Resources Days Payable?

Enerjex Resources's average Accounts Payable for the three months ended in Mar. 2024 was $2.86 Mil. Enerjex Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was $1.94 Mil. Hence, Enerjex Resources's Days Payable for the three months ended in Mar. 2024 was 134.31.

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

ENRJP.PFD' s Days Payable Range Over the Past 10 Years
Min: 55.7 Med: 127.88 Max: 1836.77
Current: 96.92

During the past 13 years, Enerjex Resources's highest Days Payable was 1836.77. The lowest was 55.70. And the median was 127.88.

ENRJP.PFD's Days Payable is ranked better than
69.08% of 2426 companies
in the Hardware industry
Industry Median: 68.08 vs ENRJP.PFD: 96.92

Enerjex Resources's Days Payable increased from Mar. 2023 (72.72) to Mar. 2024 (134.31). It may suggest that Enerjex Resources delayed paying its suppliers.

Enerjex Resources Days Payable Historical Data

The historical data trend for Enerjex 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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Enerjex Resources Days Payable Chart

Enerjex Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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230.38

55.70

89.08

73.36

108.20

Enerjex Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															72.72	60.31	72.92	140.67	134.31

Competitive Comparison of Enerjex Resources's Days Payable

For the Computer Hardware subindustry, Enerjex 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.

Enerjex Resources's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Enerjex Resources's Days Payable distribution charts can be found below:

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

Enerjex 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.

Enerjex 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
=	( (1.845	+	3.063)	/	2 )	/	8.278	*	365
=	2.454					/	8.278	*	365
=	108.20

Enerjex Resources's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (3.063	+	2.648)	/	2 )	/	1.94	*	365 / 4
=	2.8555					/	1.94	*	365 / 4
=	134.31

Enerjex Resources Days Payable Related Terms

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Enerjex Resources (Enerjex Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Enerjex Resources Inc (OTCPK:ENRJP.PFD) » Definitions » Days Payable

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8863 East. 34th Street North, Wichita, KS, USA, 67226

Website

https://www.ageagle.com

AgEagle Aerial Systems Inc is a provider of drone imagery data analytics for the precision and sustainable agriculture markets. It designs, produces, distributes, and supports technologically- advanced small unmanned aerial systems (UAVs) that it offers for sale commercially to the precision agriculture industry. Its segments include Drones, Sensors and Software-as-a-Service (SaaS). The company's majority revenue is derived primarily through the sales of drones and drone-related products.