Petroteq Energy (TSXV:PQE.H) Days Payable: 13,462.63 (As of May. 2022)

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What is Petroteq Energy Days Payable?

Petroteq Energy TSXV:PQE.H Days Payable is 13,462.63 as of May. 2022.

Petroteq Energy's average Accounts Payable for the three months ended in May. 2022 was C$4.13 Mil. Petroteq Energy's Cost of Goods Sold for the three months ended in May. 2022 was C$0.03 Mil. Hence, Petroteq Energy's Days Payable for the three months ended in May. 2022 was 13,462.63.

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

TSXV:PQE.H's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 57.95
* Ranked among companies with meaningful Days Payable only.

Petroteq Energy's Days Payable declined from May. 2021 (14,353.09) to May. 2022 (13,462.63). It may suggest that Petroteq Energy accelerated paying its suppliers.

Petroteq Energy Days Payable Related Terms

Petroteq Energy Days Payable Historical Data

* Premium members only.

The historical data trend for Petroteq 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.

Petroteq Energy Days Payable Chart

Petroteq Energy Annual Data

Trend

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Days Payable

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1,120.78

1,465.14

352.58

303.59

404.20

Petroteq Energy Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
Days Payable	Get a 7-Day Free Trial															14,353.09	116.16	718.15	1,541.77	13,462.63

TSXV:PQE.H vs MMEX, SPOWF, COP: Days Payable Comparison

For the Oil & Gas E&P subindustry, Petroteq 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.

Petroteq Energy Days Payable vs Oil & Gas Industry

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

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

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Petroteq 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.

Petroteq Energy's Days Payable for the fiscal year that ended in Aug. 2021 is calculated as

	Days Payable (A: Aug. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2020 )	+	Accounts Payable (A: Aug. 2021 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2021 )	*	Days in Period
=	( (3.184	+	2.652)	/	2 )	/	2.635	*	365
=	2.918					/	2.635	*	365
=	404.20

Petroteq Energy's Days Payable for the quarter that ended in May. 2022 is calculated as:

	Days Payable (Q: May. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Feb. 2022 )	+	Accounts Payable (Q: May. 2022 ))	/	count )	/	Cost of Goods Sold (Q: May. 2022 )	*	Days in Period
=	( (3.032	+	5.23)	/	2 )	/	0.028	*	365 / 4
=	4.131					/	0.028	*	365 / 4
=	13,462.63

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 13,462.63 mean?

Petroteq Energy (TSXV:PQE.H) has a Days Payable of 13,462.63 as of May. 2022. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Petroteq Energy and its competitors.

Is Petroteq Energy's Days Payable too high?

Petroteq Energy's current Days Payable is 13,462.63. The Oil & Gas industry median Days Payable is 57.95. Petroteq Energy's value of 13,462.63 is 23131.5% above this industry median.

How does Petroteq Energy's Days Payable compare to MMEX and SPOWF?

Petroteq Energy's Days Payable of 13,462.63 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.95. Petroteq Energy's value of 13,462.63 is 23131.5% above this benchmark. 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 57.95, based on 851 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. Petroteq Energy's current Days Payable of 13,462.63 is 23131.5% 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 Petroteq Energy and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Petroteq Energy's current Days Payable is 13,462.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Petroteq Energy stock overvalued right now?

Petroteq Energy (TSXV:PQE.H) has a current Days Payable of 13,462.63. The current Days Payable is 13,462.63 and 23131.5% above the Oil & Gas industry median of 57.95. 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 Petroteq Energy (TSXV:PQE.H), the current Days Payable is 13,462.63 as of May. 2022. 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.

Petroteq Energy Business Description

Industry Energy Oil & Gas

Comparable Companies MMEX SPOWF COP HKSE:00883 EOG TSX:CNQ OXY PXD ASX:WDS HES DVN FANG CTRA BKK:PTTEP ASX:STO TSX:TOU MRO OSL:AKRBP TSE:1605 EQT

Address 15315 W. Magnolia Boulevard, Suite 120, Sherman Oaks, CA, USA, 91403

Website https://www.petroteq.energy

Petroteq Energy Inc is a fully integrated oil and gas company focused on the development and implementation of new proprietary technology for oil extraction. The company operated in two reportable segments being Oil Extraction and Processing Operations and Mining Operations. It generates revenue from the sale of hydrocarbon.