Petrus Resources (Petrus Resources) Days Payable : 189.14 (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Petrus Resources Days Payable?

Petrus Resources's average Accounts Payable for the three months ended in Mar. 2024 was $21.55 Mil. Petrus Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was $10.40 Mil. Hence, Petrus Resources's Days Payable for the three months ended in Mar. 2024 was 189.14.

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

PTRUF' s Days Payable Range Over the Past 10 Years
Min: 1.03 Med: 145.88 Max: 226.26
Current: 143.27

During the past 13 years, Petrus Resources's highest Days Payable was 226.26. The lowest was 1.03. And the median was 145.88.

PTRUF's Days Payable is ranked better than
75.89% of 900 companies
in the Oil & Gas industry
Industry Median: 60.89 vs PTRUF: 143.27

Petrus Resources's Days Payable increased from Mar. 2023 (157.87) to Mar. 2024 (189.14). It may suggest that Petrus Resources delayed paying its suppliers.

Petrus Resources Days Payable Historical Data

The historical data trend for Petrus 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.

* Premium members only.

Petrus Resources Days Payable Chart

Petrus Resources Annual Data

Trend

Jan14

Jan15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

136.12

112.53

149.89

209.98

224.65

Petrus Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															157.87	100.26	100.94	174.79	189.14

Competitive Comparison of Petrus Resources's Days Payable

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

Petrus Resources's Days Payable Distribution in the Oil & Gas Industry

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

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

Petrus 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.

Petrus Resources'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
=	( (33.265	+	25.345)	/	2 )	/	47.613	*	365
=	29.305					/	47.613	*	365
=	224.65

Petrus Resources's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (25.345	+	17.753)	/	2 )	/	10.396	*	365 / 4
=	21.549					/	10.396	*	365 / 4
=	189.14

Petrus Resources Days Payable Related Terms

Thank you for viewing the detailed overview of Petrus Resources's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Petrus Resources (Petrus Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrus Resources Ltd (OTCPK:PTRUF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PRQ:Canada

Address

2400, 240 - 4th Avenue SW, Calgary, AB, CAN, T2P 4H4

Website

https://www.petrusresources.com

Petrus Resources Ltd is an oil and gas company that is engaged in the acquisition, development, exploration, and exploitation of energy business assets. The company receives maximum revenue from oil and natural gas. The company's core operating areas are Ferrier, Central Alberta, and the Rocky Mountain foothills.