Criterium Energy (TSXV:CEQ) Days Payable : 192.81 (As of Sep. 2024)

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What is Criterium Energy Days Payable?

Criterium Energy's average Accounts Payable for the three months ended in Sep. 2024 was C$7.85 Mil. Criterium Energy's Cost of Goods Sold for the three months ended in Sep. 2024 was C$3.71 Mil. Hence, Criterium Energy's Days Payable for the three months ended in Sep. 2024 was 192.81.

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: 154.84 Med: 9327.78 Max: 10179.44
Current: 154.84

During the past 13 years, Criterium Energy's highest Days Payable was 10179.44. The lowest was 154.84. And the median was 9327.78.

TSXV:CEQ's Days Payable is ranked better than
77.7% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs TSXV:CEQ: 154.84

Criterium Energy's Days Payable declined from Sep. 2023 (9,332.85) to Sep. 2024 (192.81). It may suggest that Criterium Energy accelerated paying its suppliers.

Criterium Energy Days Payable Historical Data

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.

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Criterium Energy Days Payable Chart

Criterium Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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10,179.44

8,476.11

Criterium Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															9,332.85	11,832.08	84.89	148.00	192.81

Competitive Comparison of Criterium Energy's Days Payable

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's Days Payable Distribution in the 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.

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. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.482	+	1.19)	/	2 )	/	0.036	*	365
=	0.836					/	0.036	*	365
=	8,476.11

Criterium Energy's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (5.815	+	9.876)	/	2 )	/	3.713	*	365 / 4
=	7.8455					/	3.713	*	365 / 4
=	192.81

Criterium Energy Days Payable Related Terms

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Criterium Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Criterium Energy Ltd (TSXV:CEQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

202 - 6 Avenue SW, Bow Valley Square Tower 1?, Suite 1120, Calgary, AB, CAN, T2P 2R9

Website

https://www.criteriumenergy.com

Criterium Energy Ltd is an upstream energy company. It engages in the business of oil and gas exploration and development in Indonesia and Canada. The company has two operating segments, one being the acquisition, exploration and development of oil and gas properties in Indonesia and the second being oil and gas royalties from properties in Canada.

Executives

David Bruce Dunlop	Director
Matthew Klukas	Senior Officer

Criterium Energy Headlines

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