NKRSF (Niko Resources) Days Payable: 0.00 (As of Dec. 2018)

What is Niko Resources Days Payable?

Niko Resources NKRSF -90.00% Days Payable is 0.00 as of Dec. 2018.

Niko Resources's average Accounts Payable for the three months ended in Dec. 2018 was $1.28 Mil. Niko Resources's Cost of Goods Sold for the three months ended in Dec. 2018 was $0.00 Mil.

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

NKRSF's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 57.84
* Ranked among companies with meaningful Days Payable only.

Niko Resources's Days Payable declined from Dec. 2017 (85.91) to Dec. 2018 (0.00). It may suggest that Niko Resources accelerated paying its suppliers.

Niko Resources Days Payable Related Terms

Niko Resources Days Payable Historical Data

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The historical data trend for Niko Resources'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.

Niko Resources Days Payable Chart

Niko Resources Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Days Payable

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370.40

365.64

522.00

507.32

70.27

Niko Resources Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Days Payable	Get a 7-Day Free Trial															85.91	32.35	34.43	18.22	0.00

NKRSF vs SNECQ, PTCO, ALTX: Days Payable Comparison

For the Oil & Gas E&P subindustry, Niko Resources'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.

Niko Resources Days Payable vs Oil & Gas Industry

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

* The bar in red indicates where Niko Resources's Days Payable falls into.

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Niko Resources 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.

Niko Resources's Days Payable for the fiscal year that ended in Mar. 2018 is calculated as

	Days Payable (A: Mar. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2017 )	+	Accounts Payable (A: Mar. 2018 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2018 )	*	Days in Period
=	( (15.344	+	9.618)	/	2 )	/	64.831	*	365
=	12.481					/	64.831	*	365
=	70.27

Niko Resources's Days Payable for the quarter that ended in Dec. 2018 is calculated as:

	Days Payable (Q: Dec. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2018 )	+	Accounts Payable (Q: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2018 )	*	Days in Period
=	( (1.362	+	1.202)	/	2 )	/	0	*	365 / 4
=	1.282					/	0	*	365 / 4
=	N/A

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 0.00 mean?

Niko Resources (NKRSF) has a Days Payable of 0.00 as of Dec. 2018. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Niko Resources and its competitors.

Is Niko Resources' Days Payable too high?

Niko Resources' current Days Payable is 0.00.

How does Niko Resources' Days Payable compare to SNECQ and PTCO?

Niko Resources' Days Payable of 0.00 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.84. 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 57.84, based on 852 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 Niko Resources and its competitors. For the Oil & Gas industry, the median Days Payable is 57.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Niko Resources'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 Niko Resources stock overvalued right now?

Niko Resources (NKRSF) 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 Niko Resources (NKRSF), the current Days Payable is 0.00 as of Dec. 2018. 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.

Niko Resources Business Description

Industry Energy Oil & Gas

Comparable Companies TSXV:WCE SNECQ TSXV:HEI PTCO TSXV:AVN ALTX TSXV:CBV TSXV:KFG ASX:JPR LSE:SRO TSXV:MCM.A ASX:DOR ASX:PGY TSXV:BSH TSXV:SPK EXNT TSXV:SCD TSXV:GNF LSE:CZN TSXV:OEC

Address 205 - 5th Avenue SW, Suite 2700, Calgary, AB, CAN, T2P 3G6

Website https://www.nikoresources.com

Niko Resources Ltd is an oil and natural gas exploration and production company.