LNGNF (LNG Energy Group) Days Payable: 275.71 (As of Sep. 2024)


What is LNG Energy Group Days Payable?

LNG Energy Group LNGNF -99.99% Days Payable is 275.71 as of Sep. 2024.

LNG Energy Group's average Accounts Payable for the three months ended in Sep. 2024 was $18.39 Mil. LNG Energy Group's Cost of Goods Sold for the three months ended in Sep. 2024 was $6.09 Mil. Hence, LNG Energy Group's Days Payable for the three months ended in Sep. 2024 was 275.71.

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

LNGNF's Days Payable is not ranked *
in the Oil & Gas industry.
Industry Median: 57.95
* Ranked among companies with meaningful Days Payable only.

LNG Energy Group's Days Payable increased from Mar. 2023 (0.00) to Sep. 2024 (275.71). It may suggest that LNG Energy Group delayed paying its suppliers.

LNG Energy Group Days Payable Historical Data

* Premium members only.

The historical data trend for LNG Energy Group'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.

LNG Energy Group Days Payable Chart

LNG Energy Group Annual Data
Trend May22 May23
Days Payable
66,475.63 300,212.50

LNG Energy Group Quarterly Data
May22 Aug22 Dec22 Mar23 Jul23 Dec23 Mar24 Sep24
Days Payable Get a 7-Day Free Trial 0.00 0.00 217.09 247.10 275.71

LNGNF vs ALTX, CRCE, FECOF: Days Payable Comparison

For the Oil & Gas E&P subindustry, LNG Energy Group'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.

LNG Energy Group Days Payable vs Oil & Gas Industry

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

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


LNG Energy Group 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.

LNG Energy Group's Days Payable for the fiscal year that ended in May. 2023 is calculated as

Days Payable (A: May. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: May. 2022 ) + Accounts Payable (A: May. 2023 )) / count ) / Cost of Goods Sold (A: May. 2023 )*Days in Period
=( (1.457 + 0.188) / 2 ) / 0.001*365
=0.8225 / 0.001*365
=300,212.50

LNG Energy Group's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

Days Payable (Q: Sep. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2024 ) + Accounts Payable (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (20.081 + 16.696) / 2 ) / 6.086*365 / 4
=18.3885 / 6.086*365 / 4
=275.71

* 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 275.71 mean?
LNG Energy Group (LNGNF) has a Days Payable of 275.71 as of Sep. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on LNG Energy Group and its competitors.
Is LNG Energy Group's Days Payable too high?
LNG Energy Group's current Days Payable is 275.71. The Oil & Gas industry median Days Payable is 57.95. LNG Energy Group's value of 275.71 is 375.8% above this industry median.
How does LNG Energy Group's Days Payable compare to ALTX and CRCE?
LNG Energy Group's Days Payable of 275.71 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.95. LNG Energy Group's value of 275.71 is 375.8% 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 57.95, based on 851 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. LNG Energy Group's current Days Payable of 275.71 is 375.8% 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 LNG Energy Group and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LNG Energy Group's current Days Payable is 275.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LNG Energy Group stock overvalued right now?
LNG Energy Group (LNGNF) has a current Days Payable of 275.71. The current Days Payable is 275.71 and 375.8% above the Oil & Gas industry median of 57.95. 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 LNG Energy Group (LNGNF), the current Days Payable is 275.71 as of Sep. 2024. 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.

LNG Energy Group Business Description

Industry EnergyOil & Gas
Address 40 Temperance Street, Suite 3200, Bay Adelaide Centre - North Tower, Toronto, ON, CAN, M5H 0B4
LNG Energy Group Corp is a production, exploration and development company focused on natural gas projects in South America. LNG Energy has entered into a binding agreement with respect to the purchase of 100% of LEC and will own and operate the SSJN-1 Block, the SSJN-3-1 Block, the Perdices Block, the VIM-41 Block, and the VIM-42 Block. The company's business objective is to build a diversified energy company in South America and is currently focused on Colombia.