CES Energy Solutions (TSX:CEU) Days Payable: 49.76 (As of Jun. 2026) — Near Median

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TSX:CEU CES Energy Solutions Corp TSX:CEU
68 GF Score
Price C$19.10
GF Value C$10.50
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is CES Energy Solutions Days Payable?

CES Energy Solutions TSX:CEU +0.26% 68 Days Payable is 49.76 as of Jun. 2026, which is 7% above its 10-year median of 46.47. GuruFocus rates TSX:CEU with a GF Score™ of 68/100 and a GF Value™ of C$10.50 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 859 Oil & Gas companies, CES Energy Solutions ranks worse than 58.32% on this metric.

CES Energy Solutions's average Accounts Payable for the three months ended in Jun. 2026 was C$295 Mil. CES Energy Solutions's Cost of Goods Sold for the three months ended in Jun. 2026 was C$541 Mil. Hence, CES Energy Solutions's Days Payable for the three months ended in Jun. 2026 was 49.76.

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: 47.61

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
58.32% of 859 companies
in the Oil & Gas industry
Industry Median: 58.49 vs TSX:CEU: 47.61

CES Energy Solutions's Days Payable increased from Jun. 2025 (48.84) to Jun. 2026 (49.76). 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
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 48.84 45.50 47.66 47.66 49.76

TSX:CEU vs SLB, BKR, FTI: 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
68GF 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 Jun. 2026 is calculated as:

Days Payable (Q: Jun. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2026 ) + Accounts Payable (Q: Jun. 2026 )) / count ) / Cost of Goods Sold (Q: Jun. 2026 )*Days in Period
=( (276.987 + 312.747) / 2 ) / 540.707*365 / 4
=294.867 / 540.707*365 / 4
=49.76

* 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 49.76 mean?
CES Energy Solutions (TSX:CEU) has a Days Payable of 49.76 as of Jun. 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 #501 out of 859 companies in the Oil & Gas industry, placing it in the top 58.3%.
Is CES Energy Solutions' Days Payable too high?
CES Energy Solutions' current Days Payable of 49.76 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 58.49. CES Energy Solutions' value of 49.76 is 14.9% below this industry median. Based on the distribution chart, CES Energy Solutions ranks #501 out of 859 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, CES Energy Solutions has a GF Score™ of 68/100 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 #501 out of 859 companies for Days Payable. This places CES Energy Solutions in the lower half of its industry. The industry median Days Payable is 58.49. CES Energy Solutions' value of 49.76 is 14.9% 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 58.49, 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 58.49, based on 859 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 49.76 is 14.9% 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 58.49 — 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 49.76, 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$10.50, compared to a current price of C$19.10 — trading 81.9% above its estimated fair value. The current Days Payable is 49.76, which is near median its 10-year median of 46.47 and 14.9% below the Oil & Gas industry median of 58.49. CES Energy Solutions' overall GF Score™ is 68/100 with 3 warning signs 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 49.76 as of Jun. 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$19.10 is trading 81.9% above its estimated GF Value™ of C$10.50. GuruFocus considers CES Energy Solutions to be Significantly Overvalued.

Key valuation signals for TSX:CEU:

  • Days Payable: 49.76 (near median its 10-year median of 46.47)
  • GF Value™: C$10.50 vs. price of C$19.10 (81.9% above fair value)
  • GF Score™: 68/100 with 3 warning signs
  • Industry Position: 14.9% below the Oil & Gas median (#501 of 859)

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.
68GF 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$19.10
Price
C$10.50
GF Value