Greenfire Resources (Greenfire Resources) Days Payable : 25.47 (As of Dec. 2023)

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What is Greenfire Resources Days Payable?

Greenfire Resources's average Accounts Payable for the three months ended in Dec. 2023 was $20.6 Mil. Greenfire Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was $73.8 Mil. Hence, Greenfire Resources's Days Payable for the three months ended in Dec. 2023 was 25.47.

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

GFR' s Days Payable Range Over the Past 10 Years
Min: 4.43 Med: 14.15 Max: 45.05
Current: 41.55

During the past 4 years, Greenfire Resources's highest Days Payable was 45.05. The lowest was 4.43. And the median was 14.15.

GFR's Days Payable is ranked worse than
65.33% of 900 companies
in the Oil & Gas industry
Industry Median: 61.045 vs GFR: 41.55

Greenfire Resources's Days Payable increased from Dec. 2021 (0.00) to Dec. 2023 (25.47). It may suggest that Greenfire Resources delayed paying its suppliers.

Greenfire Resources Days Payable Historical Data

The historical data trend for Greenfire 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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Greenfire Resources Days Payable Chart

Greenfire Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

45.05

14.15

4.43

Greenfire Resources Quarterly Data
	Dec21	Sep22	Dec22	Sep23	Dec23
Days Payable	-	33.24	2.76	32.88	25.47

Competitive Comparison of Greenfire Resources's Days Payable

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

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

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

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

Greenfire 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.

Greenfire 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
=	( (2.478	+	4.698)	/	2 )	/	295.543	*	365
=	3.588					/	295.543	*	365
=	4.43

Greenfire Resources's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (36.521	+	4.698)	/	2 )	/	73.841	*	365 / 4
=	20.6095					/	73.841	*	365 / 4
=	25.47

Greenfire Resources Days Payable Related Terms

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Greenfire Resources (Greenfire Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Greenfire Resources Ltd (NYSE:GFR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GFR:Canada

Address

1900 – 205 5th Avenue SW, Calgary, AB, CAN, T2P 2V7

Website

https://www.greenfireres.com

Greenfire Resources Ltd explores, acquires, develops and produces oil and gas in the Canadian energy sector and internationally. Greenfire currently has two producing oil sand assets, Hangingstone Expansion and Hangingstone Demo.

Greenfire Resources (Greenfire Resources) Headlines

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