PTOAF (Pieridae Energy) Days Payable : 434.45 (As of Dec. 2024)

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What is Pieridae Energy Days Payable?

Pieridae Energy's average Accounts Payable for the three months ended in Dec. 2024 was $69.2 Mil. Pieridae Energy's Cost of Goods Sold for the three months ended in Dec. 2024 was $14.5 Mil. Hence, Pieridae Energy's Days Payable for the three months ended in Dec. 2024 was 434.45.

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

PTOAF' s Days Payable Range Over the Past 10 Years
Min: 361.43 Med: 784.07 Max: 478410.71
Current: 471.33

During the past 13 years, Pieridae Energy's highest Days Payable was 478410.71. The lowest was 361.43. And the median was 784.07.

PTOAF's Days Payable is ranked better than
90.7% of 871 companies
in the Oil & Gas industry
Industry Median: 59.84 vs PTOAF: 471.33

Pieridae Energy's Days Payable declined from Dec. 2023 (451.30) to Dec. 2024 (434.45). It may suggest that Pieridae Energy accelerated paying its suppliers.

Pieridae Energy Days Payable Historical Data

The historical data trend for Pieridae 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.

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Pieridae Energy Days Payable Chart

Pieridae Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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579.96

554.55

373.66

610.85

506.22

Pieridae Energy Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															451.30	418.35	467.92	612.28	434.45

Competitive Comparison of Pieridae Energy's Days Payable

For the Oil & Gas E&P subindustry, Pieridae 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.

Pieridae Energy's Days Payable Distribution in the Oil & Gas Industry

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

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

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Pieridae 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.

Pieridae Energy's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (90.887	+	67.263)	/	2 )	/	57.015	*	365
=	79.075					/	57.015	*	365
=	506.22

Pieridae Energy's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (71.189	+	67.263)	/	2 )	/	14.54	*	365 / 4
=	69.226					/	14.54	*	365 / 4
=	434.45

Pieridae Energy Days Payable Related Terms

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Pieridae Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pieridae Energy Ltd (OTCPK:PTOAF) » Definitions » Days Payable

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PEA:Canada

Address

1718 Argyle Street, Suite 730, Halifax, NS, CAN, B3J 3N6

Website

https://www.pieridaeenergy.com

Pieridae Energy Ltd is a Canadian-owned corporation e is focused on developing and producing conventional raw natural gas and processing it into sales products that include natural gas liquids (NGLs) and sulphur. It is an upstream producer and midstream operator with core assets concentrated along the foothills of the Rocky Mountains. Its upstream segment is comprised of petroleum and natural gas production operations and properties. It also includes the company's upstream operations in Eastern Canada and corporate overhead activities associated with these operations.