Criterium Energy (TSXV:CEQ) Days Payable: 98.80 (As of Mar. 2026) — 98% Below Median


TSXV:CEQ Criterium Energy Ltd TSXV:CEQ
45 GF Score
Price C$0.11
GF Value C$0.10
Valuation Fairly Valued
! 5 Warning Signs
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What is Criterium Energy Days Payable?

Criterium Energy TSXV:CEQ 45 Days Payable is 98.80 as of Mar. 2026, which is 98% below its 10-year median of 4,301.96. GuruFocus rates TSXV:CEQ with a GF Score™ of 45/100 and a GF Value™ of C$0.10 (Fairly Valued). The stock has 5 warning signs investors should review. Among 853 Oil & Gas companies, Criterium Energy ranks better than 75.03% on this metric.

Criterium Energy's average Accounts Payable for the three months ended in Mar. 2026 was C$2.95 Mil. Criterium Energy's Cost of Goods Sold for the three months ended in Mar. 2026 was C$2.72 Mil. Hence, Criterium Energy's Days Payable for the three months ended in Mar. 2026 was 98.80.

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

TSXV:CEQ' s Days Payable Range Over the Past 10 Years
Min: 104.22   Med: 4301.96   Max: 10179.44
Current: 131.08

During the past 13 years, Criterium Energy's highest Days Payable was 10179.44. The lowest was 104.22. And the median was 4301.96.

TSXV:CEQ's Days Payable is ranked better than
75.03% of 853 companies
in the Oil & Gas industry
Industry Median: 57.73 vs TSXV:CEQ: 131.08

Criterium Energy's Days Payable increased from Mar. 2025 (70.36) to Mar. 2026 (98.80). It may suggest that Criterium Energy delayed paying its suppliers.


Criterium Energy Days Payable Historical Data

* Premium members only.

The historical data trend for Criterium Energy'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.

Criterium Energy Days Payable Chart

Criterium Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 10,179.44 8,476.11 104.22 127.80

Criterium Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 70.36 102.71 145.35 243.74 98.80

TSXV:CEQ vs COP, EOG, FANG: Days Payable Comparison

For the Oil & Gas E&P subindustry, Criterium Energy'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.


Criterium Energy Days Payable vs Oil & Gas Industry

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

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


TSXV:CEQ
45GF Score
Criterium Energy Ltd TSXV:CEQ
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Criterium Energy 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.

Criterium Energy's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (5.758 + 3.238) / 2 ) / 12.846*365
=4.498 / 12.846*365
=127.80

Criterium Energy's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (3.238 + 2.652) / 2 ) / 2.72*365 / 4
=2.945 / 2.72*365 / 4
=98.80

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 98.80 mean?
Criterium Energy (TSXV:CEQ) has a Days Payable of 98.80 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 Criterium Energy and its competitors. This is 98% below median its historical median of 4,301.96. Over the past decade, Criterium Energy's Days Payable has ranged from 104.22 to 10,179.44. According to the industry distribution chart, Criterium Energy ranks #213 out of 853 companies in the Oil & Gas industry, placing it in the top 25%.
Is Criterium Energy's Days Payable too high?
Criterium Energy's current Days Payable of 98.80 is 98% below median its 10-year median of 4,301.96. Over the past 10 years, this metric has ranged from a low of 104.22 to a high of 10,179.44. The Oil & Gas industry median Days Payable is 57.73. Criterium Energy's value of 98.80 is 71.1% above this industry median. Based on the distribution chart, Criterium Energy ranks #213 out of 853 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Criterium Energy has a GF Score™ of 45/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Criterium Energy's Days Payable compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Criterium Energy ranks #213 out of 853 companies for Days Payable. This places Criterium Energy in the top 25% of its industry — outperforming the majority of peers. The industry median Days Payable is 57.73. Criterium Energy's value of 98.80 is 71.1% above this benchmark. Historically, Criterium Energy's own Days Payable has ranged from 104.22 to 10,179.44 over the past decade. While the company's 10-year median is 4,301.96 vs. the industry median of 57.73, Criterium Energy 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 57.73, based on 853 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. Criterium Energy's current Days Payable of 98.80 is 71.1% 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 Criterium Energy and its competitors. For the Oil & Gas industry, the median Days Payable is 57.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Criterium Energy's current Days Payable is 98.80, which is 98% below median its own 10-year median of 4,301.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Criterium Energy stock overvalued right now?
Based on GuruFocus' analysis, Criterium Energy (TSXV:CEQ) is currently considered Fairly Valued. The stock's GF Value™ is C$0.10, compared to a current price of C$0.11 — trading 10% above its estimated fair value. The current Days Payable is 98.80, which is 98% below median its 10-year median of 4,301.96 and 71.1% above the Oil & Gas industry median of 57.73. Criterium Energy's overall GF Score™ is 45/100 with 5 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 Criterium Energy (TSXV:CEQ), the current Days Payable is 98.80 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 Criterium Energy (TSXV:CEQ) Overvalued in 2026?

Based on GuruFocus' analysis, Criterium Energy stock appears to be overvalued. The current stock price of C$0.11 is trading 10% above its estimated GF Value™ of C$0.10. GuruFocus considers Criterium Energy to be Fairly Valued.

Key valuation signals for TSXV:CEQ:

  • Days Payable: 98.80 (98% below median its 10-year median of 4,301.96)
  • GF Value™: C$0.10 vs. price of C$0.11 (10% above fair value)
  • GF Score™: 45/100 with 5 warning signs
  • Industry Position: 71.1% above the Oil & Gas median (#213 of 853)

No single metric tells the full story. See the TSXV:CEQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Criterium Energy Business Description

Industry EnergyOil & Gas
Address 202-6 Avenue South West, Bow Valley Square 1, Suite 1120, Calgary, AB, CAN, T2P 2R9
Criterium Energy Ltd are engaged in the exploration, appraisal and development of petroleum and natural gas in Indonesia. The company has one operating segment, being the acquisition, exploration, development and production of oil and gas properties in Indonesia.
45GF Score

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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$0.11
Price
C$0.10
GF Value