TRMLF (Tourmaline Oil) Days Payable : 168.48 (As of Sep. 2024)

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What is Tourmaline Oil Days Payable?

Tourmaline Oil's average Accounts Payable for the three months ended in Sep. 2024 was $701 Mil. Tourmaline Oil's Cost of Goods Sold for the three months ended in Sep. 2024 was $380 Mil. Hence, Tourmaline Oil's Days Payable for the three months ended in Sep. 2024 was 168.48.

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

TRMLF' s Days Payable Range Over the Past 10 Years
Min: 139.25 Med: 195.64 Max: 220.64
Current: 175.67

During the past 13 years, Tourmaline Oil's highest Days Payable was 220.64. The lowest was 139.25. And the median was 195.64.

TRMLF's Days Payable is ranked better than
80.48% of 881 companies
in the Oil & Gas industry
Industry Median: 60.34 vs TRMLF: 175.67

Tourmaline Oil's Days Payable increased from Sep. 2023 (157.96) to Sep. 2024 (168.48). It may suggest that Tourmaline Oil delayed paying its suppliers.

Tourmaline Oil Days Payable Historical Data

The historical data trend for Tourmaline Oil'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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Tourmaline Oil Days Payable Chart

Tourmaline Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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220.64

142.95

194.47

Tourmaline Oil 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															157.96	172.91	187.95	178.71	168.48

Competitive Comparison of Tourmaline Oil's Days Payable

For the Oil & Gas E&P subindustry, Tourmaline Oil'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.

Tourmaline Oil's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Tourmaline Oil's Days Payable falls into.

Tourmaline Oil 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.

Tourmaline Oil'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
=	( (745.338	+	820.882)	/	2 )	/	1469.789	*	365
=	783.11					/	1469.789	*	365
=	194.47

Tourmaline Oil'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
=	( (625.551	+	776.901)	/	2 )	/	379.798	*	365 / 4
=	701.226					/	379.798	*	365 / 4
=	168.48

Tourmaline Oil Days Payable Related Terms

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Tourmaline Oil Business Description

Industry

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08T:Germany TOU:Canada

Address

250 - 6th Avenue South West, Suite 2900, Calgary, AB, CAN, T2P 3H7

Website

https://www.tourmalineoil.com

Tourmaline Oil Corp is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin. It includes the Alberta Deep Basin, the Northeast British Columbia Montney, and the Peace River Triassic Oil complex.