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


What is Glori Energy Days Payable?

Glori Energy GLRI Days Payable is 40.33 as of Dec. 2016.

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: 71.76
* 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

* Premium members only.

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.

Glori Energy Days Payable Chart

Glori Energy Annual Data
Trend Mar12 Mar13 Mar14 Dec15 Dec16
Days Payable
0.00 0.00 0.00 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.73 43.18 40.76 27.63 40.33

GLRI vs ALYE, FOSI: Days Payable Comparison

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 Days Payable vs 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

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 40.33 mean?
Glori Energy (GLRI) has a Days Payable of 40.33 as of Dec. 2016. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Glori Energy and its competitors.
Is Glori Energy's Days Payable too high?
Glori Energy's current Days Payable is 40.33. The Diversified Financial Services industry median Days Payable is 71.76. Glori Energy's value of 40.33 is 43.8% below this industry median.
How does Glori Energy's Days Payable compare to ALYE and FOSI?
Glori Energy's Days Payable of 40.33 can be compared against companies in the Diversified Financial Services industry. The industry median Days Payable is 71.76. Glori Energy's value of 40.33 is 43.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Diversified Financial Services company?
The median Days Payable among Diversified Financial Services companies is 71.76, based on 82 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Glori Energy's current Days Payable of 40.33 is 43.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Glori Energy and its competitors. For the Diversified Financial Services industry, the median Days Payable is 71.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Glori Energy's current Days Payable is 40.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Glori Energy stock overvalued right now?
Glori Energy (GLRI) has a current Days Payable of 40.33. The current Days Payable is 40.33 and 43.8% below the Diversified Financial Services industry median of 71.76. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Glori Energy (GLRI), the current Days Payable is 40.33 as of Dec. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Glori Energy Business Description

Address 957 Nasa Parkway, Suite 571, Houston, TX, USA, 77058
Glori Energy Inc is a development stage company.