Advantage Energy (TSX:AAV) Days Payable : 0.00 (As of Mar. 2024)

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What is Advantage Energy Days Payable?

Advantage Energy's average Accounts Payable for the three months ended in Mar. 2024 was C$0.0 Mil. Advantage Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was C$49.7 Mil. Hence, Advantage Energy's Days Payable for the three months ended in Mar. 2024 was 0.00.

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

TSX:AAV's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 59.45
* Ranked among companies with meaningful Days Payable only.

Advantage Energy's Days Payable stayed the same from Mar. 2023 (0.00) to Mar. 2024 (0.00). stayed the same

Advantage Energy Days Payable Historical Data

The historical data trend for Advantage 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.

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Advantage Energy Days Payable Chart

Advantage Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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Advantage Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Advantage Energy's Days Payable

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

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

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

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

Advantage 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.

Advantage 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
=	( (0	+	0)	/	1 )	/	194.7	*	365
=	0					/	194.7	*	365
=	0.00

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

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	49.661	*	365 / 4
=	0					/	49.661	*	365 / 4
=	0.00

Advantage Energy Days Payable Related Terms

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Advantage Energy (TSX:AAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Advantage Energy Ltd (TSX:AAV) » Definitions » Days Payable

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AAVVF:USA 9SA0:Germany

Address

440 - 2nd Avenue SW, Suite 2200, Calgary, AB, CAN, T2P 5E9

Website

https://www.advantageog.com

Advantage Energy Ltd is a Canadian energy company primarily engaged in the extraction of natural gas and liquid resources. The company holds over 145,000 net acres of liquids-rich lands throughout Canada. Advantage Energy Ltd focuses on creating low-cost, low-emission Canadian energy for the world. The company sells crude and medium crude oil as well as conventional natural gas and liquid natural gas. Advantage Energy Ltd plans to grow by utilizing areas with high rate of return targets due to the presence of existing infrastructure capability.

Executives

John Larry Festival

Director

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