* 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.
TSX:SHLE vs SLB, BKR, HAL: Days Payable Comparison
For the Oil & Gas Equipment & Services subindustry, Source Energy 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.
Source Energy Services Days Payable vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Source Energy Services's Days Payable distribution charts can be found below:
* The bar in red indicates where Source Energy Services's Days Payable falls into.
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.
Source Energy Services's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Source Energy Services (TSX:SHLE) has a Days Payable of 62.09 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 Source Energy Services and its competitors. This is 12% above median its historical median of 55.23. Over the past decade, Source Energy Services' Days Payable has ranged from 54.92 to 62.27. According to the industry distribution chart, Source Energy Services ranks #437 out of 854 companies in the Oil & Gas industry, placing it in the top 51.2%.
Is Source Energy Services' Days Payable too high?
Source Energy Services' current Days Payable of 62.09 is 12% above median its 10-year median of 55.23. Over the past 10 years, this metric has ranged from a low of 54.92 to a high of 62.27. The Oil & Gas industry median Days Payable is 57.15. Source Energy Services' value of 62.09 is 8.7% above this industry median. Based on the distribution chart, Source Energy Services ranks #437 out of 854 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Source Energy Services has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Source Energy Services' Days Payable compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Source Energy Services ranks #437 out of 854 companies for Days Payable. This places Source Energy Services in the lower half of its industry. The industry median Days Payable is 57.15. Source Energy Services' value of 62.09 is 8.7% above this benchmark. Historically, Source Energy Services' own Days Payable has ranged from 54.92 to 62.27 over the past decade. While the company's 10-year median is 55.23 vs. the industry median of 57.15, Source Energy Services has consistently been above 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. Source Energy Services's current Days Payable of 62.09 is 8.7% above 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 Source Energy Services 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. Source Energy Services's current Days Payable is 62.09, which is 12% above median its own 10-year median of 55.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Source Energy Services stock overvalued right now?
Based on GuruFocus' analysis, Source Energy Services (TSX:SHLE) is currently considered Fairly Valued. The stock's GF Value™ is C$12.84, compared to a current price of C$13.62 — trading 6.1% above its estimated fair value. The current Days Payable is 62.09, which is 12% above median its 10-year median of 55.23 and 8.7% above the Oil & Gas industry median of 57.15. Source Energy Services' overall GF Score™ is 69/100 with 7 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 Source Energy Services (TSX:SHLE), the current Days Payable is 62.09 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 Source Energy Services (TSX:SHLE) Overvalued in 2026?
Based on GuruFocus' analysis, Source Energy Services stock appears to be overvalued.
The current stock price of C$13.62 is trading 6.1% above its estimated GF Value™ of C$12.84.
GuruFocus considers Source Energy Services to be Fairly Valued.
Key valuation signals for TSX:SHLE:
Days Payable: 62.09 (12% above median its 10-year median of 55.23)
GF Value™: C$12.84 vs. price of C$13.62 (6.1% above fair value)
Industry Position: 8.7% above the Oil & Gas median (#437 of 854)
No single metric tells the full story. See the TSX:SHLE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Source Energy Services Ltd is a Canada-based company engaged in the integrated production and distribution of frac sand as well as the distribution of other bulk oil and gas well completion materials that aren't produced by Source. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin, United States, and Peace River, Alberta, Canada mines and processing facilities, its Western Canadian terminal network, and its last-mile logistics capabilities, including its trucking operations, and Sahara, a proprietary well site mobile sand storage and handling system. The geographical segments of the group are the USA Operations and Canadian Operations.
69GF Score
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