Glori Energy (Glori Energy) Days Payable : 40.33 (As of Dec. 2016)

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What is Glori Energy Days Payable?

Glori Energy's average Accounts Payable for the three months ended in Dec. 2016 was $0.86 Mil. Glori Energy's Cost of Goods Sold for the three months ended in Dec. 2016 was $1.95 Mil. Hence, Glori Energy's Days Payable for the three months ended in Dec. 2016 was 40.33.

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

GLRI's Days Payable is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 82.81
* Ranked among companies with meaningful Days Payable only.

Glori Energy's Days Payable increased from Dec. 2015 (20.73) to Dec. 2016 (40.33). It may suggest that Glori Energy delayed paying its suppliers.

Glori Energy Days Payable Historical Data

The historical data trend for Glori 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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Glori Energy Days Payable Chart

Glori Energy Annual Data

Trend

Mar12

Mar13

Mar14

Dec15

Dec16

Days Payable

30.25

50.25

Glori Energy Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Days Payable	Get a 7-Day Free Trial															20.73	43.18	40.76	27.63	40.33

Competitive Comparison of Glori Energy's Days Payable

For the Shell Companies subindustry, Glori 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.

Glori Energy's Days Payable Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Glori Energy's Days Payable distribution charts can be found below:

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

Glori 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.

Glori Energy's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

	Days Payable (A: Dec. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2015 )	+	Accounts Payable (A: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2016 )	*	Days in Period
=	( (1.43	+	1)	/	2 )	/	8.825	*	365
=	1.215					/	8.825	*	365
=	50.25

Glori Energy's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

	Days Payable (Q: Dec. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2016 )	+	Accounts Payable (Q: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2016 )	*	Days in Period
=	( (0.723	+	1)	/	2 )	/	1.949	*	365 / 4
=	0.8615					/	1.949	*	365 / 4
=	40.33

Glori Energy Days Payable Related Terms

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Glori Energy (Glori Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Glori Energy Inc (OTCPK:GLRI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4315 South Drive, Houston, TX, USA, 77053

Website

http://www.glorienergy.com

Glori Energy Inc is a development stage company.

Executives

Eric C Neuman	director	100 CRESCENT COURT, SUITE 1200, DALLAS TX 75201
Ganesh Kishore	director	11966 SACKSTON RIDGE DR, CREECE COCUR MO 63191
John U Clarke	director	PENN VIRGINIA CORPORATION, FOUR RADNOR CORPORATE CENTER, STE 200, RADNOR PA 19087
James C. Musselman	director	4315 SOUTH DRIVE, HOUSTON TX 77053
Jonathan Fleming	10 percent owner	222 BERKELEY STREET, BOSTON MA 02116
Thomas O Hicks	director	2200 ROSS AVENUE, SUITE 4600 W, DALLAS TX 75201
Michael Schulhof	director

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