HGHAF (High Arctic Energy Services) Days Payable : 48.10 (As of Dec. 2024)

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What is High Arctic Energy Services Days Payable?

High Arctic Energy Services's average Accounts Payable for the three months ended in Dec. 2024 was $0.74 Mil. High Arctic Energy Services's Cost of Goods Sold for the three months ended in Dec. 2024 was $1.40 Mil. Hence, High Arctic Energy Services's Days Payable for the three months ended in Dec. 2024 was 48.10.

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

HGHAF' s Days Payable Range Over the Past 10 Years
Min: 18.45 Med: 38.84 Max: 443.57
Current: 61.55

During the past 13 years, High Arctic Energy Services's highest Days Payable was 443.57. The lowest was 18.45. And the median was 38.84.

HGHAF's Days Payable is ranked better than
51.26% of 870 companies
in the Oil & Gas industry
Industry Median: 59.67 vs HGHAF: 61.55

High Arctic Energy Services's Days Payable declined from Dec. 2023 (1,106.28) to Dec. 2024 (48.10). It may suggest that High Arctic Energy Services accelerated paying its suppliers.

High Arctic Energy Services Days Payable Historical Data

The historical data trend for High Arctic Energy Services'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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High Arctic Energy Services Days Payable Chart

High Arctic Energy Services Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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55.00

48.26

34.63

442.33

153.73

High Arctic Energy Services Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															1,106.28	46.28	178.11	49.94	48.10

Competitive Comparison of High Arctic Energy Services's Days Payable

For the Oil & Gas Equipment & Services subindustry, High Arctic Energy Services'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.

High Arctic Energy Services's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where High Arctic Energy Services's Days Payable falls into.

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High Arctic Energy Services 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.

High Arctic Energy Services's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (4.029	+	0.62)	/	2 )	/	5.519	*	365
=	2.3245					/	5.519	*	365
=	153.73

High Arctic Energy Services's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (0.858	+	0.62)	/	2 )	/	1.402	*	365 / 4
=	0.739					/	1.402	*	365 / 4
=	48.10

High Arctic Energy Services Days Payable Related Terms

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High Arctic Energy Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » High Arctic Energy Services Inc (OTCPK:HGHAF) » Definitions » Days Payable

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Traded in Other Exchanges

6LQ0:Germany HWO:Canada

Address

330 - 5th Avenue SW, Suite 2350, Calgary, AB, CAN, T2P 0L4

Website

https://www.haes.ca

High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are the Drilling Services segment, which consists of drilling services; the Production Services segment, which consists of well servicing and snubbing services; the Rental Services segment consists of High Arctic's oilfield rental equipment of pressure control and other oilfield equipment to exploration and production companies in Canada; and the Corporate segment provides management and administrative services to all the corporation's operations. The Rental Services segment generates the majority company's revenue.