Houston American Energy (FRA:8H6H) Days Payable : 94.01 (As of Mar. 2024)

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What is Houston American Energy Days Payable?

Houston American Energy's average Accounts Payable for the three months ended in Mar. 2024 was €0.19 Mil. Houston American Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was €0.18 Mil. Hence, Houston American Energy's Days Payable for the three months ended in Mar. 2024 was 94.01.

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

FRA:8H6H' s Days Payable Range Over the Past 10 Years
Min: 27.12 Med: 45.37 Max: 112.24
Current: 112.24

During the past 13 years, Houston American Energy's highest Days Payable was 112.24. The lowest was 27.12. And the median was 45.37.

FRA:8H6H's Days Payable is ranked better than
68.97% of 899 companies
in the Oil & Gas industry
Industry Median: 61.41 vs FRA:8H6H: 112.24

Houston American Energy's Days Payable increased from Mar. 2023 (47.44) to Mar. 2024 (94.01). It may suggest that Houston American Energy delayed paying its suppliers.

Houston American Energy Days Payable Historical Data

The historical data trend for Houston American 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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Houston American Energy Days Payable Chart

Houston American Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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49.05

98.76

38.06

39.27

78.21

Houston American 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															47.44	41.88	174.20	169.31	94.01

Competitive Comparison of Houston American Energy's Days Payable

For the Oil & Gas E&P subindustry, Houston American 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.

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

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

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

Houston American 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.

Houston American 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
=	( (0.108	+	0.144)	/	2 )	/	0.588	*	365
=	0.126					/	0.588	*	365
=	78.21

Houston American 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
=	( (0.144	+	0.231)	/	2 )	/	0.182	*	365 / 4
=	0.1875					/	0.182	*	365 / 4
=	94.01

Houston American Energy Days Payable Related Terms

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Houston American Energy (FRA:8H6H) Business Description

Industry

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HUSA:USA 0A7K:UK

Address

801 Travis Street, Suite 1425, Houston, TX, USA, 77002

Website

https://www.houstonamerican.com

Houston American Energy Corp is an independent oil and gas company focused on the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties. Its properties, and operations, are in the U.S. Permian Basin, the U.S. Gulf Coast region, particularly Texas and Louisiana, and in the South American country of Colombia. The company's an exploration and development projects are focused on existing property interests, and future acquisition of additional property interests, in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia. The Company majorly has operations in two geographical areas, the United States and Colombia.

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