Parkland (Parkland) Days Payable : 39.99 (As of Dec. 2023)

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What is Parkland Days Payable?

Parkland's average Accounts Payable for the three months ended in Dec. 2023 was $2,191 Mil. Parkland's Cost of Goods Sold for the three months ended in Dec. 2023 was $5,000 Mil. Hence, Parkland's Days Payable for the three months ended in Dec. 2023 was 39.99.

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

PKIUF' s Days Payable Range Over the Past 10 Years
Min: 18.36 Med: 27.71 Max: 40.17
Current: 34.89

During the past 13 years, Parkland's highest Days Payable was 40.17. The lowest was 18.36. And the median was 27.71.

PKIUF's Days Payable is ranked worse than
71.52% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs PKIUF: 34.89

Parkland's Days Payable increased from Dec. 2022 (32.98) to Dec. 2023 (39.99). It may suggest that Parkland delayed paying its suppliers.

Parkland Days Payable Historical Data

The historical data trend for Parkland'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.

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Parkland Days Payable Chart

Parkland Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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25.10

39.59

31.16

28.30

35.89

Parkland Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															32.98	33.42	32.07	33.01	39.99

Competitive Comparison of Parkland's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Parkland'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.

Parkland's Days Payable Distribution in the Oil & Gas Industry

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

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

Parkland 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.

Parkland's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2065.513	+	2109.422)	/	2 )	/	21231.366	*	365
=	2087.4675					/	21231.366	*	365
=	35.89

Parkland's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2272.559	+	2109.422)	/	2 )	/	5000	*	365 / 4
=	2190.9905					/	5000	*	365 / 4
=	39.99

Parkland Days Payable Related Terms

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Parkland (Parkland) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parkland Corp (OTCPK:PKIUF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PF6:Germany PKI:Canada

Address

240 - 4th Avenue South west, Suite 1800, Calgary, AB, CAN, T2P 4H4

Website

https://www.parkland.ca

Parkland Corp is a food and convenience retailer and an independent marketer, distributor, and refiner of fuel and petroleum products. Parkland delivers refined fuels, propane, and other high-quality petroleum products to motorists, businesses, consumers, and wholesale customers across the Americas. The company's lines of business are; Retail line of business includes the operations of Parkland retail service stations, including EV charging stations, and convenience and food stores, Commercial includes the operations of card lock sites, bulk fuel, propane, heating oil, lubricants, and other related services, Refining includes the operations of the Burnaby Refinery, and Corporate includes centralized administrative services and expenses.