Petroteq Energy (FRA:PQCF) Days Payable : 12,922.74 (As of May. 2022)

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What is Petroteq Energy Days Payable?

Petroteq Energy's average Accounts Payable for the three months ended in May. 2022 was €2.97 Mil. Petroteq Energy's Cost of Goods Sold for the three months ended in May. 2022 was €0.02 Mil. Hence, Petroteq Energy's Days Payable for the three months ended in May. 2022 was 12,922.74.

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

FRA:PQCF's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 61.41
* Ranked among companies with meaningful Days Payable only.

Petroteq Energy's Days Payable declined from May. 2021 (13,539.22) to May. 2022 (12,922.74). It may suggest that Petroteq Energy accelerated paying its suppliers.

Petroteq Energy Days Payable Historical Data

The historical data trend for Petroteq 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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Petroteq Energy Days Payable Chart

Petroteq Energy Annual Data

Trend

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Days Payable

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1,132.81

1,471.60

350.13

312.24

392.63

Petroteq Energy Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
Days Payable	Get a 7-Day Free Trial															13,539.22	116.51	706.09	1,550.88	12,922.74

Competitive Comparison of Petroteq Energy's Days Payable

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

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

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

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

Petroteq 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.

Petroteq Energy's Days Payable for the fiscal year that ended in Aug. 2021 is calculated as

	Days Payable (A: Aug. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2020 )	+	Accounts Payable (A: Aug. 2021 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2021 )	*	Days in Period
=	( (2.034	+	1.789)	/	2 )	/	1.777	*	365
=	1.9115					/	1.777	*	365
=	392.63

Petroteq Energy's Days Payable for the quarter that ended in May. 2022 is calculated as:

	Days Payable (Q: May. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Feb. 2022 )	+	Accounts Payable (Q: May. 2022 ))	/	count )	/	Cost of Goods Sold (Q: May. 2022 )	*	Days in Period
=	( (2.101	+	3.847)	/	2 )	/	0.021	*	365 / 4
=	2.974					/	0.021	*	365 / 4
=	12,922.74

Petroteq Energy Days Payable Related Terms

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Petroteq Energy (FRA:PQCF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petroteq Energy Inc (FRA:PQCF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

15315 W. Magnolia Boulevard, Suite 120, Sherman Oaks, CA, USA, 91403

Website

https://www.petroteq.energy

Petroteq Energy Inc is a fully integrated oil and gas company focused on the development and implementation of new proprietary technology for oil extraction. The company operated in two reportable segments being Oil Extraction and Processing Operations and Mining Operations. It generates revenue from the sale of hydrocarbon.

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