Savanna Energy Services (TSX:SVY) Days Payable : 12.95 (As of Mar. 2017)

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What is Savanna Energy Services Days Payable?

Savanna Energy Services's average Accounts Payable for the three months ended in Mar. 2017 was C$17.3 Mil. Savanna Energy Services's Cost of Goods Sold for the three months ended in Mar. 2017 was C$121.6 Mil. Hence, Savanna Energy Services's Days Payable for the three months ended in Mar. 2017 was 12.95.

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

TSX:SVY's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 60.98
* Ranked among companies with meaningful Days Payable only.

Savanna Energy Services's Days Payable increased from Mar. 2016 (11.11) to Mar. 2017 (12.95). It may suggest that Savanna Energy Services delayed paying its suppliers.

Savanna Energy Services Days Payable Historical Data

The historical data trend for Savanna Energy 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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Savanna Energy Services Days Payable Chart

Savanna Energy Services Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Days Payable

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15.79

16.47

20.80

15.08

Savanna Energy Services Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Days Payable	Get a 7-Day Free Trial															11.11	-	-	14.29	12.95

Competitive Comparison of Savanna Energy Services's Days Payable

For the Oil & Gas Drilling subindustry, Savanna 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.

Savanna Energy Services's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Savanna Energy Services's Days Payable falls into.

Savanna Energy 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.

Savanna Energy Services's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

	Days Payable (A: Dec. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2015 )	+	Accounts Payable (A: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2016 )	*	Days in Period
=	( (10.882	+	17.26)	/	2 )	/	340.639	*	365
=	14.071					/	340.639	*	365
=	15.08

Savanna Energy Services's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

	Days Payable (Q: Mar. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2016 )	+	Accounts Payable (Q: Mar. 2017 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2017 )	*	Days in Period
=	( (17.26	+	0)	/	1 )	/	121.611	*	365 / 4
=	17.26					/	121.611	*	365 / 4
=	12.95

Savanna Energy Services Days Payable Related Terms

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Savanna Energy Services (TSX:SVY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Savanna Energy Services Corp (TSX:SVY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.savannaenergy.com

Savanna Energy Services Corp was incorporated under the Alberta Business Corporations Act on March 22, 2001. It is a drilling, well servicing and oilfield rentals company with operations in Canada, the United States and Australia. It provides a variety of services in the oil and natural gas industry. The corporate segment provides management and administrative services to all of the Company's subsidiaries and their respective operations. The services segment provides well servicing services and rental equipment to the oil and gas industry. The drilling segment provides contract drilling services to the oil and gas industry. The Company's overall business is conducted through two divisions: contract drilling and oilfield services. The Company's equipment fleet is among the newest and technically in the industry and its commitment to talent and technology has enabled the Company to build a presence within the oilfield services sector. It has also expanded its customer base to international markets, diversifying geographically into growing and emerging markets. The Company operates through a number of wholly-owned subsidiaries and several partnerships with Aboriginal communities that are partially owned by the Company.

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