Cobra Venture (TSXV:CBV) Days Payable : 0.86 (As of Feb. 2024)

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What is Cobra Venture Days Payable?

Cobra Venture's average Accounts Payable for the three months ended in Feb. 2024 was C$0.00 Mil. Cobra Venture's Cost of Goods Sold for the three months ended in Feb. 2024 was C$0.21 Mil. Hence, Cobra Venture's Days Payable for the three months ended in Feb. 2024 was 0.86.

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

TSXV:CBV' s Days Payable Range Over the Past 10 Years
Min: 0.63 Med: 9.03 Max: 203.36
Current: 16.18

During the past 13 years, Cobra Venture's highest Days Payable was 203.36. The lowest was 0.63. And the median was 9.03.

TSXV:CBV's Days Payable is ranked worse than
89.96% of 896 companies
in the Oil & Gas industry
Industry Median: 61.27 vs TSXV:CBV: 16.18

Cobra Venture's Days Payable declined from Nov. 2022 (10.77) to Feb. 2024 (0.86). It may suggest that Cobra Venture accelerated paying its suppliers.

Cobra Venture Days Payable Historical Data

The historical data trend for Cobra Venture'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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Cobra Venture Days Payable Chart

Cobra Venture Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Days Payable

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1.88

1.70

1.59

0.63

12.22

Cobra Venture Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Feb24
Days Payable	Get a 7-Day Free Trial															10.77	29.36	16.48	0.82	0.86

Competitive Comparison of Cobra Venture's Days Payable

For the Oil & Gas E&P subindustry, Cobra Venture'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.

Cobra Venture's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Cobra Venture's Days Payable falls into.

Cobra Venture 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.

Cobra Venture's Days Payable for the fiscal year that ended in Nov. 2022 is calculated as

	Days Payable (A: Nov. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2021 )	+	Accounts Payable (A: Nov. 2022 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2022 )	*	Days in Period
=	( (0.001	+	0.063)	/	2 )	/	0.956	*	365
=	0.032					/	0.956	*	365
=	12.22

Cobra Venture's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (0.002	+	0)	/	1 )	/	0.213	*	365 / 4
=	0.002					/	0.213	*	365 / 4
=	0.86

Cobra Venture Days Payable Related Terms

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Cobra Venture (TSXV:CBV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cobra Venture Corp (TSXV:CBV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2489 Bellevue Avenue, West Vancouver, BC, CAN, V7V 1E1

Website

https://www.cobraventure.com

Cobra Venture Corp is a junior oil and gas company that is focused on the exploration and development of petroleum and natural gas interests in Canada. The company's properties are the Willesden Green area, Alberta; Davey Lake area, Alberta; and Gull Lake, Saskatchewan. It derives prime revenue from oil and gas production.

Executives

Stephane Poirier

10% Security Holder

Cobra Venture (TSXV:CBV) Headlines

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