LNG Energy Group (TSXV:LNGE) Days Payable : 275.60 (As of Sep. 2024)

View and export this data going back to 2023. Start your Free Trial

What is LNG Energy Group Days Payable?

LNG Energy Group's average Accounts Payable for the three months ended in Sep. 2024 was C$24.90 Mil. LNG Energy Group's Cost of Goods Sold for the three months ended in Sep. 2024 was C$8.24 Mil. Hence, LNG Energy Group's Days Payable for the three months ended in Sep. 2024 was 275.60.

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

TSXV:LNGE' s Days Payable Range Over the Past 10 Years
Min: 314.1 Med: 228380.5 Max: 388360
Current: 314.1

During the past 2 years, LNG Energy Group's highest Days Payable was 388360.00. The lowest was 314.10. And the median was 228380.50.

TSXV:LNGE's Days Payable is ranked better than
88.17% of 871 companies
in the Oil & Gas industry
Industry Median: 59.79 vs TSXV:LNGE: 314.10

LNG Energy Group's Days Payable increased from Mar. 2023 (0.00) to Sep. 2024 (275.60). It may suggest that LNG Energy Group delayed paying its suppliers.

LNG Energy Group Days Payable Historical Data

The historical data trend for LNG Energy Group'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.

* Premium members only.

LNG Energy Group Days Payable Chart

LNG Energy Group Annual Data

Trend

May22

May23

Days Payable

68,401.00

388,360.00

LNG Energy Group Quarterly Data
	May22	Aug22	Dec22	Mar23	Jul23	Dec23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial			-	-	217.11	245.99	275.60

Competitive Comparison of LNG Energy Group's Days Payable

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

LNG Energy Group's Days Payable Distribution in the Oil & Gas Industry

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

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

Save Embed

;

Save Embed

;

LNG Energy Group 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.

LNG Energy Group's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (1.874	+	0.254)	/	2 )	/	0.001	*	365
=	1.064					/	0.001	*	365
=	388,360.00

LNG Energy Group'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: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (27.182	+	22.616)	/	2 )	/	8.244	*	365 / 4
=	24.899					/	8.244	*	365 / 4
=	275.60

LNG Energy Group Days Payable Related Terms

Thank you for viewing the detailed overview of LNG Energy Group's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

LNG Energy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » LNG Energy Group Corp (TSXV:LNGE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

E26:Germany

Address

40 Temperance Street, Suite 3200, Bay Adelaide Centre - North Tower, Toronto, ON, CAN, M5H 0B4

Website

https://www.lngenergygroup.com

LNG Energy Group Corp is a production, exploration and development company focused on natural gas projects in South America. LNG Energy has entered into a binding agreement with respect to the purchase of 100% of LEC and will own and operate the SSJN-1 Block, the SSJN-3-1 Block, the Perdices Block, the VIM-41 Block, and the VIM-42 Block. The company's business objective is to build a diversified energy company in South America and is currently focused on Colombia.

Executives

Michael Galego	Director, Senior Officer
Pablo Navarro	Director, Senior Officer

LNG Energy Group Headlines

No Headlines