EONR (EON Resources) Days Payable : 759.24 (As of Sep. 2024)

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What is EON Resources Days Payable?

EON Resources's average Accounts Payable for the three months ended in Sep. 2024 was $8.30 Mil. EON Resources's Cost of Goods Sold for the three months ended in Sep. 2024 was $1.00 Mil. Hence, EON Resources's Days Payable for the three months ended in Sep. 2024 was 759.24.

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

EONR' s Days Payable Range Over the Past 10 Years
Min: 48.51 Med: 48.51 Max: 740.75
Current: 740.75

During the past 4 years, EON Resources's highest Days Payable was 740.75. The lowest was 48.51. And the median was 48.51.

EONR's Days Payable is ranked better than
93.33% of 870 companies
in the Oil & Gas industry
Industry Median: 60.12 vs EONR: 740.75

EON Resources's Days Payable increased from Sep. 2023 (119.33) to Sep. 2024 (759.24). It may suggest that EON Resources delayed paying its suppliers.

EON Resources Days Payable Historical Data

The historical data trend for EON 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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EON Resources Days Payable Chart

EON Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

48.51

EON Resources Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial											119.33	-	535.08	706.18	759.24

Competitive Comparison of EON Resources's Days Payable

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

EON Resources's Days Payable Distribution in the Oil & Gas Industry

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

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

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EON 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.

EON 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
=	( (1.218	+	4.795)	/	2 )	/	0	*	365
=	3.0065					/	0	*	365
=	N/A

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

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (8.603	+	7.988)	/	2 )	/	0.997	*	365 / 4
=	8.2955					/	0.997	*	365 / 4
=	759.24

EON Resources Days Payable Related Terms

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EON Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EON Resources Inc (AMEX:EONR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3730 Kirby Drive, Suite 1200, Houston, TX, USA, 77098

Website

http://www.eon-r.com

EON Resources Inc is an independent upstream energy company focused on maximizing total returns to its shareholders through the development of onshore oil and natural gas properties in the United States. Its current focus is as an upstream energy company producing oil and gas properties in the Permian Basin.

Executives

Salvucci Joseph V Sr	director	583 EPSILON DRIVE, PITTSBURGH PA 15238
Salvucci Joseph V Jr	director	583 EPSILON DRIVE, PITTSBURGH PA 15238
Donald Goree	director, officer: Chief Executive Officer	101 NE 3RD AVENUE, SUITE 1220, FORT LAUDERDALE FL 33301
Donald W Orr	director, officer: President	3730 KIRBY DRIVE, SUITE 1200, HOUSTON TX 77098