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SOBO (South Bow) Days Payable : 1,731.44 (As of Dec. 2024)


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What is South Bow Days Payable?

South Bow's average Accounts Payable for the three months ended in Dec. 2024 was $1,699 Mil. South Bow's Cost of Goods Sold for the three months ended in Dec. 2024 was $90 Mil. Hence, South Bow's Days Payable for the three months ended in Dec. 2024 was 1,731.44.

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

SOBO' s Days Payable Range Over the Past 10 Years
Min: 1697.82   Med: 1927.79   Max: 3468.43
Current: 3468.43

During the past 2 years, South Bow's highest Days Payable was 3468.43. The lowest was 1697.82. And the median was 1927.79.

SOBO's Days Payable is ranked better than
97.37% of 874 companies
in the Oil & Gas industry
Industry Median: 60.255 vs SOBO: 3468.43

South Bow's Days Payable declined from Dec. 2023 (2,358.78) to Dec. 2024 (1,731.44). It may suggest that South Bow accelerated paying its suppliers.

South Bow Days Payable Historical Data

The historical data trend for South Bow'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.

South Bow Days Payable Chart

South Bow Annual Data
Trend Dec23 Dec24
Days Payable
2,157.76 1,756.56

South Bow Quarterly Data
Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Days Payable Get a 7-Day Free Trial 2,358.78 - - 1,693.87 1,731.44

Competitive Comparison of South Bow's Days Payable

For the Oil & Gas Midstream subindustry, South Bow'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.

South Bow's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where South Bow's Days Payable falls into.


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South Bow 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.

South Bow'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
=( (2075 + 1544) / 2 ) / 376*365
=1809.5 / 376*365
=1,756.56

South Bow'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
=( (1854.812 + 1544) / 2 ) / 89.562*365 / 4
=1699.406 / 89.562*365 / 4
=1,731.44

* 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.

South Bow Days Payable Related Terms

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South Bow Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » South Bow Corp (NYSE:SOBO) » Definitions » Days Payable
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Traded in Other Exchanges
SOBO:Canada
Address
707, 5 Street SW, Suite 900, Calgary, AB, CAN, T2P 1V8
Website
https://www.southbow.com
South Bow Corp is a energy infrastructure company. The company is engaged in constructing pipelines system safely transports liquids like crude oil, across Canadian provinces, U.S. states, and Gulf coasts. It has three reportable segments: Keystone Pipeline System, Marketing, and Intra-Alberta & Other. It derives maximum revenue from Keystone Pipeline System segment.