CES Energy Solutions (TSX:CEU) Days Payable: 47.66 (As of Mar. 2026) — Near Median


TSX:CEU CES Energy Solutions Corp TSX:CEU
71 GF Score
Price C$16.65
GF Value C$9.26
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is CES Energy Solutions Days Payable?

CES Energy Solutions TSX:CEU +2.02% 71 Days Payable is 47.66 as of Mar. 2026, which is 3% above its 10-year median of 46.47. GuruFocus rates TSX:CEU with a GF Score™ of 71/100 and a GF Value™ of C$9.26 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 854 Oil & Gas companies, CES Energy Solutions ranks worse than 57.61% on this metric.

CES Energy Solutions's average Accounts Payable for the three months ended in Mar. 2026 was C$272 Mil. CES Energy Solutions's Cost of Goods Sold for the three months ended in Mar. 2026 was C$520 Mil. Hence, CES Energy Solutions's Days Payable for the three months ended in Mar. 2026 was 47.66.

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

TSX:CEU' s Days Payable Range Over the Past 10 Years
Min: 43.99   Med: 46.47   Max: 56.79
Current: 47.96

During the past 13 years, CES Energy Solutions's highest Days Payable was 56.79. The lowest was 43.99. And the median was 46.47.

TSX:CEU's Days Payable is ranked worse than
57.61% of 854 companies
in the Oil & Gas industry
Industry Median: 57.145 vs TSX:CEU: 47.96

CES Energy Solutions's Days Payable increased from Mar. 2025 (45.58) to Mar. 2026 (47.66). It may suggest that CES Energy Solutions delayed paying its suppliers.


CES Energy Solutions Days Payable Historical Data

* Premium members only.

The historical data trend for CES Energy Solutions'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.

CES Energy Solutions Days Payable Chart

CES Energy Solutions Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 44.69 45.21 49.32 47.09 47.57

CES Energy Solutions Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 45.58 48.84 45.50 47.66 47.66

TSX:CEU vs SLB, BKR, HAL: Days Payable Comparison

For the Oil & Gas Equipment & Services subindustry, CES Energy Solutions'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.


CES Energy Solutions Days Payable vs Oil & Gas Industry

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

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


TSX:CEU
71GF Score
CES Energy Solutions Corp TSX:CEU
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CES Energy Solutions 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.

CES Energy Solutions's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (230.073 + 266.06) / 2 ) / 1903.407*365
=248.0665 / 1903.407*365
=47.57

CES Energy Solutions's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (266.06 + 276.987) / 2 ) / 519.867*365 / 4
=271.5235 / 519.867*365 / 4
=47.66

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 47.66 mean?
CES Energy Solutions (TSX:CEU) has a Days Payable of 47.66 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on CES Energy Solutions and its competitors. This is near median its historical median of 46.47. Over the past decade, CES Energy Solutions' Days Payable has ranged from 43.99 to 56.79. According to the industry distribution chart, CES Energy Solutions ranks #492 out of 854 companies in the Oil & Gas industry, placing it in the top 57.6%.
Is CES Energy Solutions' Days Payable too high?
CES Energy Solutions' current Days Payable of 47.66 is near median its 10-year median of 46.47. Over the past 10 years, this metric has ranged from a low of 43.99 to a high of 56.79. The Oil & Gas industry median Days Payable is 57.15. CES Energy Solutions' value of 47.66 is 16.6% below this industry median. Based on the distribution chart, CES Energy Solutions ranks #492 out of 854 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, CES Energy Solutions has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CES Energy Solutions' Days Payable compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, CES Energy Solutions ranks #492 out of 854 companies for Days Payable. This places CES Energy Solutions in the lower half of its industry. The industry median Days Payable is 57.15. CES Energy Solutions' value of 47.66 is 16.6% below this benchmark. Historically, CES Energy Solutions' own Days Payable has ranged from 43.99 to 56.79 over the past decade. While the company's 10-year median is 46.47 vs. the industry median of 57.15, CES Energy Solutions has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.15, based on 854 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CES Energy Solutions's current Days Payable of 47.66 is 16.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on CES Energy Solutions and its competitors. For the Oil & Gas industry, the median Days Payable is 57.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CES Energy Solutions's current Days Payable is 47.66, which is near median its own 10-year median of 46.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CES Energy Solutions stock overvalued right now?
Based on GuruFocus' analysis, CES Energy Solutions (TSX:CEU) is currently considered Significantly Overvalued. The stock's GF Value™ is C$9.26, compared to a current price of C$16.65 — trading 79.8% above its estimated fair value. The current Days Payable is 47.66, which is near median its 10-year median of 46.47 and 16.6% below the Oil & Gas industry median of 57.15. CES Energy Solutions' overall GF Score™ is 71/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For CES Energy Solutions (TSX:CEU), the current Days Payable is 47.66 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is CES Energy Solutions (TSX:CEU) Overvalued in 2026?

Based on GuruFocus' analysis, CES Energy Solutions stock appears to be overvalued. The current stock price of C$16.65 is trading 79.8% above its estimated GF Value™ of C$9.26. GuruFocus considers CES Energy Solutions to be Significantly Overvalued.

Key valuation signals for TSX:CEU:

  • Days Payable: 47.66 (near median its 10-year median of 46.47)
  • GF Value™: C$9.26 vs. price of C$16.65 (79.8% above fair value)
  • GF Score™: 71/100 with 1 warning sign
  • Industry Position: 16.6% below the Oil & Gas median (#492 of 854)

No single metric tells the full story. See the TSX:CEU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CES Energy Solutions Business Description

Industry EnergyOil & Gas
Other Exchanges CESDF:USA7C4:Germany
Address 332 - 6th Avenue S.W., Suite 1400, Calgary, AB, CAN, T2P 0B2
CES Energy Solutions Corp business is to design, implement, and manufacture consumable fluids and specialty chemicals for the North American oil and gas industry. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.
71GF Score

Get the complete analysis for TSX:CEU

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$16.65
Price
C$9.26
GF Value