SKYQ (Sky Quarry) Days Payable : 39.84 (As of Dec. 2024)

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What is Sky Quarry Days Payable?

Sky Quarry's average Accounts Payable for the three months ended in Dec. 2024 was $2.77 Mil. Sky Quarry's Cost of Goods Sold for the three months ended in Dec. 2024 was $6.35 Mil. Hence, Sky Quarry's Days Payable for the three months ended in Dec. 2024 was 39.84.

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

SKYQ' s Days Payable Range Over the Past 10 Years
Min: 35.86 Med: 45.69 Max: 115.14
Current: 115.14

During the past 2 years, Sky Quarry's highest Days Payable was 115.14. The lowest was 35.86. And the median was 45.69.

SKYQ's Days Payable is ranked better than
70.69% of 870 companies
in the Oil & Gas industry
Industry Median: 59.735 vs SKYQ: 115.14

Sky Quarry's Days Payable increased from . 20 (0.00) to Dec. 2024 (39.84). It may suggest that Sky Quarry delayed paying its suppliers.

Sky Quarry Days Payable Historical Data

The historical data trend for Sky Quarry'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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Sky Quarry Days Payable Chart

Sky Quarry Annual Data

Trend

Dec23

Dec24

Days Payable

35.86

55.52

Sky Quarry Quarterly Data
	Sep23	Dec23	Sep24	Dec24
Days Payable	-	28.95	75.70	39.84

Competitive Comparison of Sky Quarry's Days Payable

For the Oil & Gas Integrated subindustry, Sky Quarry'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.

Sky Quarry's Days Payable Distribution in the Oil & Gas Industry

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

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

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Sky Quarry 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.

Sky Quarry'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
=	( (4.754	+	2.778)	/	2 )	/	24.759	*	365
=	3.766					/	24.759	*	365
=	55.52

Sky Quarry'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
=	( (2.767	+	2.778)	/	2 )	/	6.35	*	365 / 4
=	2.7725					/	6.35	*	365 / 4
=	39.84

Sky Quarry Days Payable Related Terms

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Sky Quarry Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sky Quarry Inc (NAS:SKYQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

707 W. 700 S, Suite 101, Woods Cross, UT, USA, 84087

Website

https://www.skyquarry.com

Sky Quarry Inc is a development-stage oil-producing and refining company. The company along with its subsidiaries is engaged in deploying technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated soils. The recycling and production of oil from asphalt shingles is expected to reduce the dependence on landfills for the disposal of waste and to also reduce dependence on foreign and domestic virgin crude oil extraction for industrial uses.