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U.S. Well Services (U.S. Well Services) Days Payable : 58.93 (As of Jun. 2022)


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What is U.S. Well Services Days Payable?

U.S. Well Services's average Accounts Payable for the three months ended in Jun. 2022 was $39.45 Mil. U.S. Well Services's Cost of Goods Sold for the three months ended in Jun. 2022 was $61.09 Mil. Hence, U.S. Well Services's Days Payable for the three months ended in Jun. 2022 was 58.93.

The historical rank and industry rank for U.S. Well Services's Days Payable or its related term are showing as below:

MPACU' s Days Payable Range Over the Past 10 Years
Min: 25.46   Med: 50.34   Max: 72.5
Current: 58.3

During the past 6 years, U.S. Well Services's highest Days Payable was 72.50. The lowest was 25.46. And the median was 50.34.

MPACU's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 60.37 vs MPACU: 58.30

U.S. Well Services's Days Payable increased from Jun. 2021 (53.14) to Jun. 2022 (58.93). It may suggest that U.S. Well Services delayed paying its suppliers.

U.S. Well Services Days Payable Historical Data

The historical data trend for U.S. Well 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.

* Premium members only.

U.S. Well Services Days Payable Chart

U.S. Well Services Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Days Payable
Get a 7-Day Free Trial - 25.46 54.10 72.50 46.58

U.S. Well Services Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 53.14 48.23 58.45 58.04 58.93

Competitive Comparison of U.S. Well Services's Days Payable

For the Oil & Gas Equipment & Services subindustry, U.S. Well 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.

U.S. Well Services's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, U.S. Well Services's Days Payable distribution charts can be found below:

* The bar in red indicates where U.S. Well Services's Days Payable falls into.


U.S. Well 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.

U.S. Well Services's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

Days Payable (A: Dec. 2021 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2020 ) + Accounts Payable (A: Dec. 2021 )) / count ) / Cost of Goods Sold (A: Dec. 2021 )*Days in Period
=( (36.362 + 29.18) / 2 ) / 256.808*365
=32.771 / 256.808*365
=46.58

U.S. Well Services's Days Payable for the quarter that ended in Jun. 2022 is calculated as:

Days Payable (Q: Jun. 2022 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2022 ) + Accounts Payable (Q: Jun. 2022 )) / count ) / Cost of Goods Sold (Q: Jun. 2022 )*Days in Period
=( (29.875 + 49.027) / 2 ) / 61.086*365 / 4
=39.451 / 61.086*365 / 4
=58.93

* 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.

U.S. Well Services Days Payable Related Terms

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U.S. Well Services (U.S. Well Services) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » U.S. Well Services Inc (NAS:MPACU) » Definitions » Days Payable
Comparable Companies
DWSN PFIE KLXE SDPI ENSV GEOS RCON VYEY NCSM QSEP SLB BKR HAL MIL:TEN SHSE:601808 NOV ASX:WOR XPAR:GTT SZSE:002353 CHX
Traded in Other Exchanges
N/A
Address
1360 Post Oak Boulevard, Suite 1800, Houston, TX, USA, 77056
Website
http://www.uswellservices.com
U.S. Well Services Inc is an oilfield service provider of well stimulation services to the upstream oil and natural gas industry. The company is engaged in high-pressure hydraulic fracturing in unconventional oil and natural gas basins in the United States. It operates in a single segment, which consists of pressure pumping services.
Executives
Crestview Iii Usws Te, Llc director, 10 percent owner C/O CRESTVIEW PARTNERS, 590 MADISON AVENUE, 36TH FLOOR, NEW YORK NY 10022
Crestview Partners Iii Gp, L.p. director, 10 percent owner C/O CRESTVIEW PARTNERS, 590 MADISON AVENUE, 42ND FLOOR, NEW YORK NY 10022
Crestview Iii Usws, L.p. director, 10 percent owner C/O CRESTVIEW PARTNERS, 590 MADISON AVENUE, 36TH FLOOR, NEW YORK NY 10022
Adam J Klein director C/O CRESTVIEW ADVISORS, 667 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10065
David J Matlin director, 10 percent owner
David L Treadwell director 222 S 15TH STREET, SUITE 600 N, OMAHA NE 68102
Beal Financial Corp 10 percent owner 15770 N DALLAS PARKWAY, STE 300 LB 66, DALLAS TX 75248
Daniel Andrew Beal 10 percent owner 6000 LEGACY DRIVE, PLANO TX 75024
Steve Saad Habachy director 9805 KATY WAY, SUITE 400, HOUSTON TX 77024
Joel Broussard director, officer: President & CEO C/O U.S. WELL SERVICES, INC., 1360 POST OAK BOULEVARD, SUITE 1800, HOUSTON TX 77056
Matthew Bernard officer: Chief Administrative Officer C/O U.S. WELL SERVICES, INC., 1360 POST OAK BOULEVARD, SUITE 1800, HOUSTON TX 77056
Nathan Houston officer: Chief Operating Officer C/O U.S. WELL SERVICES, INC., 770 SOUTH POST OAK LANE, SUITE 405, HOUSTON TX 77056
Richard Alan Burnett director 12377 MERIT DRIVE, SUITE 1700, DALLAS TX 75251
Mark D. Wolf officer: See Remarks 770 SOUTH POST OAK LANE, SUITE 405, C/O U.S. WELL SERVICES, INC., HOUSTON TX 77056
Eddie Mike Watson director 520 MADISON AVENUE, NEW YORK NY 10022