Calfrac Well Services (TSX:CFW) Days Payable : 46.36 (As of Sep. 2024)

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What is Calfrac Well Services Days Payable?

Calfrac Well Services's average Accounts Payable for the three months ended in Sep. 2024 was C$196 Mil. Calfrac Well Services's Cost of Goods Sold for the three months ended in Sep. 2024 was C$386 Mil. Hence, Calfrac Well Services's Days Payable for the three months ended in Sep. 2024 was 46.36.

The historical rank and industry rank for Calfrac Well Services's Days Payable or its related term are showing as below:

TSX:CFW' s Days Payable Range Over the Past 10 Years
Min: 39.84 Med: 50.8 Max: 84.39
Current: 47.69

During the past 13 years, Calfrac Well Services's highest Days Payable was 84.39. The lowest was 39.84. And the median was 50.80.

TSX:CFW's Days Payable is ranked worse than
60.67% of 890 companies
in the Oil & Gas industry
Industry Median: 61.345 vs TSX:CFW: 47.69

Calfrac Well Services's Days Payable increased from Sep. 2023 (41.16) to Sep. 2024 (46.36). It may suggest that Calfrac Well Services delayed paying its suppliers.

Calfrac Well Services Days Payable Historical Data

The historical data trend for Calfrac Well Services'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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Calfrac Well Services Days Payable Chart

Calfrac Well Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.80

40.59

39.84

Calfrac Well Services 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															41.16	44.70	51.03	46.09	46.36

Competitive Comparison of Calfrac Well Services's Days Payable

For the Oil & Gas Equipment & Services subindustry, Calfrac Well Services'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.

Calfrac Well Services's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Calfrac Well Services's Days Payable falls into.

Calfrac Well Services 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.

Calfrac Well Services'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
=	( (171.603	+	176.817)	/	2 )	/	1596.155	*	365
=	174.21					/	1596.155	*	365
=	39.84

Calfrac Well Services'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
=	( (189.543	+	202.576)	/	2 )	/	385.918	*	365 / 4
=	196.0595					/	385.918	*	365 / 4
=	46.36

Calfrac Well Services Days Payable Related Terms

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Calfrac Well Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Calfrac Well Services Ltd (TSX:CFW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CFWFF:USA 5CFA:Germany

Address

407 - 8th Avenue SW, Suite 500, Calgary, AB, CAN, T2P 1E5

Website

https://www.calfrac.com

Calfrac Well Services Ltd provides specialized oilfield services, including hydraulic fracturing, coiled tubing, cementing, and other good completion services to the oil and natural gas industries in Canada, the United States, Russia, and Argentina. It generates maximum revenue from the United States.

Executives

Charles Pellerin	Director
Sime Armoyan	10% Security Holder
Anuroop Duggal	Director
Alif Husein Noorani	Senior Officer
Douglas Robert Ramsay	Director
Edward Oke	Senior Officer
Glendon Capital Management L.p.	10% Security Holder
Ronald Mathison	Director, Director or Senior Officer of 10% Security Holder
Lindsay Robert Link	Director, Senior Officer
Christopher Kenneth Gall	Senior Officer
James Michael Brown	Senior Officer
Marco Antonio Aranguren	Senior Officer
Scott Antony Treadwell	Senior Officer
Freddie Lynn Toney	Senior Officer
Robert Sutherland	Senior Officer

Calfrac Well Services Headlines

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