ACT Energy Technologies (TSX:ACX) Days Payable : 87.37 (As of Dec. 2024)

View and export this data going back to 1987. Start your Free Trial

What is ACT Energy Technologies Days Payable?

ACT Energy Technologies's average Accounts Payable for the three months ended in Dec. 2024 was C$102.0 Mil. ACT Energy Technologies's Cost of Goods Sold for the three months ended in Dec. 2024 was C$106.5 Mil. Hence, ACT Energy Technologies's Days Payable for the three months ended in Dec. 2024 was 87.37.

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

TSX:ACX' s Days Payable Range Over the Past 10 Years
Min: 29.27 Med: 51.29 Max: 91.31
Current: 80.97

During the past 13 years, ACT Energy Technologies's highest Days Payable was 91.31. The lowest was 29.27. And the median was 51.29.

TSX:ACX's Days Payable is ranked better than
57.89% of 881 companies
in the Oil & Gas industry
Industry Median: 60.34 vs TSX:ACX: 80.97

ACT Energy Technologies's Days Payable increased from Dec. 2023 (73.71) to Dec. 2024 (87.37). It may suggest that ACT Energy Technologies delayed paying its suppliers.

ACT Energy Technologies Days Payable Historical Data

The historical data trend for ACT Energy Technologies'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.

ACT Energy Technologies Days Payable Chart

ACT Energy Technologies Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

Get a 7-Day Free Trial

32.56

40.74

74.60

76.34

81.08

ACT Energy Technologies Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															73.71	70.49	89.13	79.33	87.37

Competitive Comparison of ACT Energy Technologies's Days Payable

For the Oil & Gas Drilling subindustry, ACT Energy Technologies'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.

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

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

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

Save Embed

;

Save Embed

;

ACT Energy Technologies 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.

ACT Energy Technologies'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
=	( (93.661	+	106.242)	/	2 )	/	449.933	*	365
=	99.9515					/	449.933	*	365
=	81.08

ACT Energy Technologies'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
=	( (97.698	+	106.242)	/	2 )	/	106.498	*	365 / 4
=	101.97					/	106.498	*	365 / 4
=	87.37

ACT Energy Technologies Days Payable Related Terms

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

ACT Energy Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ACT Energy Technologies Ltd (TSX:ACX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CETEF:USA

Address

6030 - 3rd Street S.E., Calgary, AB, CAN, T2H 1K2

Website

https://www.actenergy.com

ACT Energy Technologies Ltd is a Canadian-based company that is involved and engaged in the business of providing directional drilling services to oil and natural gas companies in western Canada and the United States.

Executives

Roderick Donald Maxwell	Director, Senior Officer
Ian Stephen Brown	Director
Lee Harns	Senior Officer
Peter Scott Macfarlane	Senior Officer
Thomas Joseph Connors	Director, Senior Officer
Fawzi Irani	Senior Officer
Axel Schmidt	Senior Officer
James R. Boyles	Director

ACT Energy Technologies Headlines

No Headlines