RHCCF (Royal Helium) Days Payable: 419.62 (As of Sep. 2024)

What is Royal Helium Days Payable?

Royal Helium RHCCF Days Payable is 419.62 as of Sep. 2024.

Royal Helium's average Accounts Payable for the three months ended in Sep. 2024 was $2.89 Mil. Royal Helium's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.63 Mil. Hence, Royal Helium's Days Payable for the three months ended in Sep. 2024 was 419.62.

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

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

Royal Helium's Days Payable declined from Sep. 2023 (1,750.62) to Sep. 2024 (419.62). It may suggest that Royal Helium accelerated paying its suppliers.

Royal Helium Days Payable Related Terms

Royal Helium Days Payable Historical Data

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The historical data trend for Royal Helium'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.

Royal Helium Days Payable Chart

Royal Helium Annual Data

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Days Payable

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0.00

2,778.08

Royal Helium Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															1,750.62	1,079.68	536.40	392.70	419.62

RHCCF vs GRVE, SPOWF, LEEN: Days Payable Comparison

For the Oil & Gas E&P subindustry, Royal Helium'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.

Royal Helium Days Payable vs Oil & Gas Industry

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

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

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Royal Helium 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.

Royal Helium'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
=	( (6.356	+	4.391)	/	2 )	/	0.706	*	365
=	5.3735					/	0.706	*	365
=	2,778.08

Royal Helium's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (2.543	+	3.242)	/	2 )	/	0.629	*	365 / 4
=	2.8925					/	0.629	*	365 / 4
=	419.62

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 419.62 mean?

Royal Helium (RHCCF) has a Days Payable of 419.62 as of Sep. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Royal Helium and its competitors.

Is Royal Helium's Days Payable too high?

Royal Helium's current Days Payable is 419.62. The Oil & Gas industry median Days Payable is 57.95. Royal Helium's value of 419.62 is 624.1% above this industry median.

How does Royal Helium's Days Payable compare to GRVE and SPOWF?

Royal Helium's Days Payable of 419.62 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.95. Royal Helium's value of 419.62 is 624.1% 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. Royal Helium's current Days Payable of 419.62 is 624.1% 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 Royal Helium 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. Royal Helium's current Days Payable is 419.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Royal Helium stock overvalued right now?

Royal Helium (RHCCF) has a current Days Payable of 419.62. The current Days Payable is 419.62 and 624.1% 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 Royal Helium (RHCCF), the current Days Payable is 419.62 as of Sep. 2024. 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.

Royal Helium Business Description

Industry Energy Oil & Gas

Comparable Companies GRVE SPOWF LEEN FOMI PTCO CRCE MMEX FECOF COP HKSE:00883 TSX:CNQ EOG OXY FANG MIC:NVTK EQT ASX:WDS EXE DVN TSE:1605

Address 224, 4th Avenue South, Suite 602, Saskatoon, SK, CAN, S7K 5M5

Website https://www.royalheliumltd.com

Royal Helium Ltd is focused on the exploration and development of primary helium production in southern Saskatchewan. Royal is the helium leaseholder in North America. Located next to highways, roads, and cities, and importantly close to existing oil and gas infrastructure, the company's projects were methodically evaluated for helium potential for over two years, and have been vetted by helium experts, professional geologists, and engineers. The company's project includes Saskatchewan Helium Play Elements for Success.