POOSF (Poseidon Concepts) Days Payable: 231.38 (As of Sep. 2012)


What is Poseidon Concepts Days Payable?

Poseidon Concepts POOSF -90.00% Days Payable is 231.38 as of Sep. 2012.

Poseidon Concepts's average Accounts Payable for the three months ended in Sep. 2012 was $23.5 Mil. Poseidon Concepts's Cost of Goods Sold for the three months ended in Sep. 2012 was $9.3 Mil. Hence, Poseidon Concepts's Days Payable for the three months ended in Sep. 2012 was 231.38.

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

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

Poseidon Concepts's Days Payable increased from Sep. 2011 (0.00) to Sep. 2012 (231.38). It may suggest that Poseidon Concepts delayed paying its suppliers.

Poseidon Concepts Days Payable Historical Data

* Premium members only.

The historical data trend for Poseidon Concepts'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.

Poseidon Concepts Days Payable Chart

Poseidon Concepts Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
Days Payable
Get a 7-Day Free Trial 0.00 0.00 0.00 6,356.14 1,133.08

Poseidon Concepts Quarterly Data
Dec05 Dec06 Dec07 Dec08 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12
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 0.00 1,360.74 632.16 582.09 231.38

POOSF vs FLSS, BRS, GWTI: Days Payable Comparison

For the Oil & Gas Equipment & Services subindustry, Poseidon Concepts'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.

Poseidon Concepts Days Payable vs Oil & Gas Industry

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

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


Poseidon Concepts 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.

Poseidon Concepts's Days Payable for the fiscal year that ended in Dec. 2011 is calculated as

Days Payable (A: Dec. 2011 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2010 ) + Accounts Payable (A: Dec. 2011 )) / count ) / Cost of Goods Sold (A: Dec. 2011 )*Days in Period
=( (10.64 + 47.734) / 2 ) / 9.402*365
=29.187 / 9.402*365
=1,133.08

Poseidon Concepts's Days Payable for the quarter that ended in Sep. 2012 is calculated as:

Days Payable (Q: Sep. 2012 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2012 ) + Accounts Payable (Q: Sep. 2012 )) / count ) / Cost of Goods Sold (Q: Sep. 2012 )*Days in Period
=( (23.397 + 23.614) / 2 ) / 9.27*365 / 4
=23.5055 / 9.27*365 / 4
=231.38

* 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 231.38 mean?
Poseidon Concepts (POOSF) has a Days Payable of 231.38 as of Sep. 2012. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Poseidon Concepts and its competitors.
Is Poseidon Concepts' Days Payable too high?
Poseidon Concepts' current Days Payable is 231.38. The Oil & Gas industry median Days Payable is 57.95. Poseidon Concepts' value of 231.38 is 299.3% above this industry median.
How does Poseidon Concepts' Days Payable compare to FLSS and BRS?
Poseidon Concepts' Days Payable of 231.38 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.95. Poseidon Concepts' value of 231.38 is 299.3% 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 849 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. Poseidon Concepts's current Days Payable of 231.38 is 299.3% 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 Poseidon Concepts 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. Poseidon Concepts's current Days Payable is 231.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Poseidon Concepts stock overvalued right now?
Poseidon Concepts (POOSF) has a current Days Payable of 231.38. The current Days Payable is 231.38 and 299.3% 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 Poseidon Concepts (POOSF), the current Days Payable is 231.38 as of Sep. 2012. 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.

Poseidon Concepts Business Description

Industry EnergyOil & Gas
Address 645 - 7th Avenue SW, Suite 1200, Calgary, AB, CAN, T2P 4G8
Poseidon Concepts Corp is a customer-focused provider of safe fluid handling solutions to the oil and natural gas sector across North America.