MRGE (Mirage Energy) Days Payable: 0.00 (As of Jul. 2021)

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What is Mirage Energy Days Payable?

Mirage Energy MRGE Days Payable is 0.00 as of Jul. 2021.

Mirage Energy's average Accounts Payable for the three months ended in Jul. 2021 was $1.00 Mil. Mirage Energy's Cost of Goods Sold for the three months ended in Jul. 2021 was $0.00 Mil.

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

MRGE's Days Payable is not ranked *
in the Oil & Gas industry.
Industry Median: 59.225
* Ranked among companies with meaningful Days Payable only.

Mirage Energy's Days Payable stayed the same from Jul. 2020 (0.00) to Jul. 2021 (0.00). stayed the same

Mirage Energy Days Payable Historical Data

* Premium members only.

The historical data trend for Mirage 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.

Mirage Energy Days Payable Chart

Mirage Energy Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21
Days Payable
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Mirage Energy Quarterly Data
Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21
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 0.00 0.00 0.00 0.00 0.00

MRGE vs EPD, WMB, KMI: Days Payable Comparison

For the Oil & Gas Midstream subindustry, Mirage 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.

Mirage Energy Days Payable vs Oil & Gas Industry

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

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


Mirage 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.

Mirage Energy's Days Payable for the fiscal year that ended in Jul. 2021 is calculated as

Days Payable (A: Jul. 2021 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jul. 2020 ) + Accounts Payable (A: Jul. 2021 )) / count ) / Cost of Goods Sold (A: Jul. 2021 )*Days in Period
=( (0.836 + 1.006) / 2 ) / 0*365
=0.921 / 0*365
=N/A

Mirage Energy's Days Payable for the quarter that ended in Jul. 2021 is calculated as:

Days Payable (Q: Jul. 2021 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Apr. 2021 ) + Accounts Payable (Q: Jul. 2021 )) / count ) / Cost of Goods Sold (Q: Jul. 2021 )*Days in Period
=( (0.997 + 1.006) / 2 ) / 0*365 / 4
=1.0015 / 0*365 / 4
=N/A

* 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 0.00 mean?
Mirage Energy (MRGE) has a Days Payable of 0.00 as of Jul. 2021. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Mirage Energy and its competitors.
Is Mirage Energy's Days Payable too high?
Mirage Energy's current Days Payable is 0.00.
How does Mirage Energy's Days Payable compare to EPD and WMB?
Mirage Energy's Days Payable of 0.00 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 59.23. 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 59.23, based on 858 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. 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 Mirage Energy and its competitors. For the Oil & Gas industry, the median Days Payable is 59.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mirage Energy's current Days Payable is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mirage Energy stock overvalued right now?
Mirage Energy (MRGE) has a current Days Payable of 0.00. The current Days Payable is 0.00. 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 Mirage Energy (MRGE), the current Days Payable is 0.00 as of Jul. 2021. 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.

Mirage Energy Business Description

Industry EnergyOil & Gas
Address 900 Isom Road, Suite 306, San Antonio, TX, USA, 78216
Mirage Energy Corp develops an integrated natural gas transportation and storage facility in Mexico and the United States. The natural gas will be exported from the United States by pipeline to the Mexican storage unit for later distribution throughout Mexico.