TRP (TC Energy) Days Payable : 256.95 (As of Sep. 2024)

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What is TC Energy Days Payable?

TC Energy's average Accounts Payable for the three months ended in Sep. 2024 was $4,659 Mil. TC Energy's Cost of Goods Sold for the three months ended in Sep. 2024 was $1,654 Mil. Hence, TC Energy's Days Payable for the three months ended in Sep. 2024 was 256.95.

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

TRP' s Days Payable Range Over the Past 10 Years
Min: 70.78 Med: 163.06 Max: 261.26
Current: 261.26

During the past 13 years, TC Energy's highest Days Payable was 261.26. The lowest was 70.78. And the median was 163.06.

TRP's Days Payable is ranked better than
85.78% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs TRP: 261.26

TC Energy's Days Payable declined from Sep. 2023 (269.93) to Sep. 2024 (256.95). It may suggest that TC Energy accelerated paying its suppliers.

TC Energy Days Payable Historical Data

The historical data trend for TC 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.

TC Energy Days Payable Chart

TC Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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175.24

177.21

196.94

198.81

203.16

TC Energy 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															269.93	243.03	255.93	272.56	256.95

Competitive Comparison of TC Energy's Days Payable

For the Oil & Gas Midstream subindustry, TC 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.

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

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

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

TC 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.

TC Energy'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
=	( (3187.339	+	3601.67)	/	2 )	/	6098.688	*	365
=	3394.5045					/	6098.688	*	365
=	203.16

TC Energy'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
=	( (4599.051	+	4717.998)	/	2 )	/	1654.363	*	365 / 4
=	4658.5245					/	1654.363	*	365 / 4
=	256.95

TC Energy Days Payable Related Terms

Thank you for viewing the detailed overview of TC Energy's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

TC Energy Business Description

Industry

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Address

450 - 1st Street SW, Calgary, AB, CAN, T2P 5H1

Website

https://www.tcenergy.com

TC Energy operates natural gas, oil, and power generation assets in Canada and the United States. The firm operates more than 60,000 miles of oil and gas pipelines, more than 650 billion cubic feet of natural gas storage, and about 4,300 megawatts of electric power.