HLLXF (Hellix Ventures) Days Payable: 593.13 (As of Apr. 2014)

What is Hellix Ventures Days Payable?

Hellix Ventures HLLXF -99.00% Days Payable is 593.13 as of Apr. 2014.

Hellix Ventures's average Accounts Payable for the three months ended in Apr. 2014 was $0.08 Mil. Hellix Ventures's Cost of Goods Sold for the three months ended in Apr. 2014 was $0.01 Mil. Hence, Hellix Ventures's Days Payable for the three months ended in Apr. 2014 was 593.13.

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

HLLXF's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 57.145
* Ranked among companies with meaningful Days Payable only.

Hellix Ventures's Days Payable declined from Apr. 2013 (1,455.20) to Apr. 2014 (593.13). It may suggest that Hellix Ventures accelerated paying its suppliers.

Hellix Ventures Days Payable Related Terms

Hellix Ventures Days Payable Historical Data

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The historical data trend for Hellix Ventures'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.

Hellix Ventures Days Payable Chart

Hellix Ventures Annual Data

Trend

Jul04

Jul05

Jul06

Jul07

Jul08

Jul09

Jul10

Jul11

Jul12

Jul13

Days Payable

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113.49

388.05

742.17

2,372.50

1,668.24

Hellix Ventures Quarterly Data
	Jul09	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14
Days Payable	Get a 7-Day Free Trial															1,455.20	208.16	253.22	628.97	593.13

HLLXF vs EXNT, SNECQ: Days Payable Comparison

For the Oil & Gas E&P subindustry, Hellix Ventures'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.

Hellix Ventures Days Payable vs Oil & Gas Industry

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

* The bar in red indicates where Hellix Ventures's Days Payable falls into.

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Hellix Ventures 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.

Hellix Ventures's Days Payable for the fiscal year that ended in Jul. 2013 is calculated as

	Days Payable (A: Jul. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jul. 2012 )	+	Accounts Payable (A: Jul. 2013 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2013 )	*	Days in Period
=	( (0.697	+	0.016)	/	2 )	/	0.078	*	365
=	0.3565					/	0.078	*	365
=	1,668.24

Hellix Ventures's Days Payable for the quarter that ended in Apr. 2014 is calculated as:

	Days Payable (Q: Apr. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jan. 2014 )	+	Accounts Payable (Q: Apr. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Apr. 2014 )	*	Days in Period
=	( (0.098	+	0.058)	/	2 )	/	0.012	*	365 / 4
=	0.078					/	0.012	*	365 / 4
=	593.13

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 593.13 mean?

Hellix Ventures (HLLXF) has a Days Payable of 593.13 as of Apr. 2014. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Hellix Ventures and its competitors.

Is Hellix Ventures' Days Payable too high?

Hellix Ventures' current Days Payable is 593.13. The Oil & Gas industry median Days Payable is 57.15. Hellix Ventures' value of 593.13 is 937.9% above this industry median.

How does Hellix Ventures' Days Payable compare to EXNT and SNECQ?

Hellix Ventures' Days Payable of 593.13 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.15. Hellix Ventures' value of 593.13 is 937.9% above 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 an Oil & Gas company?

The median Days Payable among Oil & Gas companies is 57.15, based on 854 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. Hellix Ventures's current Days Payable of 593.13 is 937.9% above 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 Hellix Ventures and its competitors. For the Oil & Gas industry, the median Days Payable is 57.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hellix Ventures's current Days Payable is 593.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Hellix Ventures stock overvalued right now?

Hellix Ventures (HLLXF) has a current Days Payable of 593.13. The current Days Payable is 593.13 and 937.9% above the Oil & Gas industry median of 57.15. 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 Hellix Ventures (HLLXF), the current Days Payable is 593.13 as of Apr. 2014. 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.

Hellix Ventures Business Description

Industry Energy Oil & Gas

Comparable Companies EXNT TSXV:SCD TSXV:SPK ASX:PGY TSXV:OEC ASX:DOR TSXV:MCM.A LSE:SRO TSXV:ARH ASX:JPR XCNQ:BDR TSXV:KFG TSXV:CBV ASX:BNL TSXV:RHC TSXV:WCE SNECQ TSXV:HEI TSXV:CDA LSE:CAB

Address 1030 Denman Street, Suite 125A, Vancouver, BC, CAN, V6G 2M6

Website http://www.hellixventures.com

Hellix Ventures Inc is a Canada-based natural resource company. The company is engaged in the identification, acquisition, exploration and development of resource properties. Its operating segments include oil and gas operation and mineral property exploration.