Epsilon Energy (FRA:41E1) Days Payable : 61.66 (As of Mar. 2024)

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What is Epsilon Energy Days Payable?

Epsilon Energy's average Accounts Payable for the three months ended in Mar. 2024 was €2.92 Mil. Epsilon Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was €4.33 Mil. Hence, Epsilon Energy's Days Payable for the three months ended in Mar. 2024 was 61.66.

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

FRA:41E1' s Days Payable Range Over the Past 10 Years
Min: 33.21 Med: 54.1 Max: 89.23
Current: 47.99

During the past 13 years, Epsilon Energy's highest Days Payable was 89.23. The lowest was 33.21. And the median was 54.10.

FRA:41E1's Days Payable is ranked worse than
58.84% of 899 companies
in the Oil & Gas industry
Industry Median: 61.41 vs FRA:41E1: 47.99

Epsilon Energy's Days Payable increased from Mar. 2023 (43.07) to Mar. 2024 (61.66). It may suggest that Epsilon Energy delayed paying its suppliers.

Epsilon Energy Days Payable Historical Data

The historical data trend for Epsilon 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.

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Epsilon Energy Days Payable Chart

Epsilon Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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54.29

47.43

31.94

32.35

53.97

Epsilon Energy 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															43.07	40.98	40.35	41.78	61.66

Competitive Comparison of Epsilon Energy's Days Payable

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

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

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

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

Epsilon 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.

Epsilon Energy'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
=	( (1.6	+	2.888)	/	2 )	/	15.176	*	365
=	2.244					/	15.176	*	365
=	53.97

Epsilon Energy'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
=	( (2.888	+	2.958)	/	2 )	/	4.326	*	365 / 4
=	2.923					/	4.326	*	365 / 4
=	61.66

Epsilon Energy Days Payable Related Terms

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Epsilon Energy (FRA:41E1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Epsilon Energy Ltd (FRA:41E1) » Definitions » Days Payable

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EPSN:USA

Address

500 Dallas Street, Suite 1250, Houston, TX, USA, 77002

Website

https://www.epsilonenergyltd.com

Epsilon Energy Ltd is engaged in the acquisition, development, gathering, and production of natural gas and oil reserves. The operating segments of the company include Upstream segment activities include acquisition, development, and production of natural gas reserves on properties within the United States. The Gas Gathering segment partners with two other companies to operate a natural gas gathering system, and the corporate segment activities include corporate listing and governance functions of the corporation. The company generates revenue from the sale of crude oil and natural gas.

Epsilon Energy (FRA:41E1) Headlines

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