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STKKF (Strike Energy) Days Payable : 107.82 (As of Jun. 2024)


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What is Strike Energy Days Payable?

Strike Energy's average Accounts Payable for the six months ended in Jun. 2024 was $8.94 Mil. Strike Energy's Cost of Goods Sold for the six months ended in Jun. 2024 was $15.14 Mil. Hence, Strike Energy's Days Payable for the six months ended in Jun. 2024 was 107.82.

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

STKKF' s Days Payable Range Over the Past 10 Years
Min: 49.31   Med: 301.59   Max: 85105.83
Current: 132.46

During the past 13 years, Strike Energy's highest Days Payable was 85105.83. The lowest was 49.31. And the median was 301.59.

STKKF's Days Payable is ranked better than
74.86% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs STKKF: 132.46

Strike Energy's Days Payable increased from Jun. 2023 (0.00) to Jun. 2024 (107.82). It may suggest that Strike Energy delayed paying its suppliers.

Strike Energy Days Payable Historical Data

The historical data trend for Strike 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.

* Premium members only.

Strike Energy Days Payable Chart

Strike Energy Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 49.35

Strike Energy Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 853.57 107.82

Competitive Comparison of Strike Energy's Days Payable

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

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

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

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


Strike 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.

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

Days Payable (A: Jun. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2023 ) + Accounts Payable (A: Jun. 2024 )) / count ) / Cost of Goods Sold (A: Jun. 2024 )*Days in Period
=( (0.33 + 4.166) / 2 ) / 16.627*365
=2.248 / 16.627*365
=49.35

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

Days Payable (Q: Jun. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2023 ) + Accounts Payable (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (13.72 + 4.166) / 2 ) / 15.137*365 / 2
=8.943 / 15.137*365 / 2
=107.82

* 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.

Strike Energy Days Payable Related Terms

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Strike Energy Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Strike Energy Ltd (OTCPK:STKKF) » Definitions » Days Payable
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Address
40 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005
Website
https://www.strikeenergy.com.au
Strike is operator across all 3,000 square kilometers of its Perth Basin acreage and has grown its net gas reserve and resource position to become the largest in the basin at 1,022 PJ. It has also achieved first production from its Walyering gas field. Walyering's intended 33 terajoules/d of gross production will generate material cash flows albeit to short five years life. The cash will regardless be useful for the undertaking additional projects with Strike targeting up to four gas fields being online by the end of 2026. In addition to Walyering, these include South Erregulla, West Erregulla and Ocean Hill. The more ambitious Project Haber, Strike's proposed multibillion dollar 1.4 million metric tons per year urea manufacturing facility, is now on the backburner.