ERINQ (Erin Energy) Days Payable: 297.43 (As of Dec. 2017)


What is Erin Energy Days Payable?

Erin Energy ERINQ -99.00% Days Payable is 297.43 as of Dec. 2017.

Erin Energy's average Accounts Payable for the three months ended in Dec. 2017 was $243.8 Mil. Erin Energy's Cost of Goods Sold for the three months ended in Dec. 2017 was $74.8 Mil. Hence, Erin Energy's Days Payable for the three months ended in Dec. 2017 was 297.43.

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

ERINQ's Days Payable is not ranked *
in the Oil & Gas industry.
Industry Median: 57.95
* Ranked among companies with meaningful Days Payable only.

Erin Energy's Days Payable increased from Dec. 2016 (209.15) to Dec. 2017 (297.43). It may suggest that Erin Energy delayed paying its suppliers.

Erin Energy Days Payable Historical Data

* Premium members only.

The historical data trend for Erin 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.

Erin Energy Days Payable Chart

Erin Energy Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 72.55 225.05 252.64 408.38 575.10

Erin Energy Quarterly Data
Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 209.15 801.34 2,053.23 865.01 297.43

ERINQ vs FPPP, UNGS, GBEYF: Days Payable Comparison

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

Erin Energy Days Payable vs Oil & Gas Industry

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

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


Erin 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.

Erin Energy'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
=( (202.819 + 230.899) / 2 ) / 137.634*365
=216.859 / 137.634*365
=575.10

Erin Energy's Days Payable for the quarter that ended in Dec. 2017 is calculated as:

Days Payable (Q: Dec. 2017 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2017 ) + Accounts Payable (Q: Dec. 2017 )) / count ) / Cost of Goods Sold (Q: Dec. 2017 )*Days in Period
=( (256.606 + 230.899) / 2 ) / 74.782*365 / 4
=243.7525 / 74.782*365 / 4
=297.43

* 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 297.43 mean?
Erin Energy (ERINQ) has a Days Payable of 297.43 as of Dec. 2017. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Erin Energy and its competitors.
Is Erin Energy's Days Payable too high?
Erin Energy's current Days Payable is 297.43. The Oil & Gas industry median Days Payable is 57.95. Erin Energy's value of 297.43 is 413.3% above this industry median.
How does Erin Energy's Days Payable compare to FPPP and UNGS?
Erin Energy's Days Payable of 297.43 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.95. Erin Energy's value of 297.43 is 413.3% above 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 57.95, based on 851 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. Erin Energy's current Days Payable of 297.43 is 413.3% above 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 Erin Energy and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Erin Energy's current Days Payable is 297.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Erin Energy stock overvalued right now?
Erin Energy (ERINQ) has a current Days Payable of 297.43. The current Days Payable is 297.43 and 413.3% above the Oil & Gas industry median of 57.95. 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 Erin Energy (ERINQ), the current Days Payable is 297.43 as of Dec. 2017. 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.

Erin Energy Business Description

Industry EnergyOil & Gas
Address 1330 Post Oak Boulevard, Suite 2250, Houston, TX, USA, 77056
Erin Energy Corp is an independent oil and gas exploration and production company with a focus on finding and producing oil in sub-Saharan Africa.