Trinidad Drilling (TSX:TDG) Days Payable : 0.00 (As of Sep. 2018)

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What is Trinidad Drilling Days Payable?

Trinidad Drilling's average Accounts Payable for the three months ended in Sep. 2018 was C$0.0 Mil. Trinidad Drilling's Cost of Goods Sold for the three months ended in Sep. 2018 was C$105.2 Mil. Hence, Trinidad Drilling's Days Payable for the three months ended in Sep. 2018 was 0.00.

The historical rank and industry rank for Trinidad Drilling's Days Payable or its related term are showing as below:

TSX:TDG's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 61.41
* Ranked among companies with meaningful Days Payable only.

Trinidad Drilling's Days Payable stayed the same from Sep. 2017 (0.00) to Sep. 2018 (0.00). stayed the same

Trinidad Drilling Days Payable Historical Data

The historical data trend for Trinidad Drilling'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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Trinidad Drilling Days Payable Chart

Trinidad Drilling Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Payable

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68.15

77.66

138.26

156.03

84.16

Trinidad Drilling Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Days Payable	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Trinidad Drilling's Days Payable

For the Oil & Gas Drilling subindustry, Trinidad Drilling'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.

Trinidad Drilling's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Trinidad Drilling's Days Payable falls into.

Trinidad Drilling 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.

Trinidad Drilling's Days Payable for the fiscal year that ended in Dec. 2017 is calculated as

	Days Payable (A: Dec. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2016 )	+	Accounts Payable (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (79.388	+	0)	/	1 )	/	344.295	*	365
=	79.388					/	344.295	*	365
=	84.16

Trinidad Drilling's Days Payable for the quarter that ended in Sep. 2018 is calculated as:

	Days Payable (Q: Sep. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2018 )	+	Accounts Payable (Q: Sep. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	105.154	*	365 / 4
=	0					/	105.154	*	365 / 4
=	0.00

Trinidad Drilling Days Payable Related Terms

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Trinidad Drilling (TSX:TDG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trinidad Drilling Ltd (TSX:TDG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.trinidaddrilling.com

Trinidad Drilling Ltd is a Canadian company which is engaged in providing drilling services to the oil and natural gas industry. The company's operating segments are Canadian operations which include land drilling services; US and international operations which include land and barge drilling services located in both the US and international markets, excluding all joint venture operations; Joint venture operations which include all international joint venture operations; and Manufacturing operations include manufacturing work performed in each of the Canadian and US manufacturing divisions. The majority of the company's revenue comes from oilfield services.