Royal Helium (TSXV:RHC) Days Payable : 421.32 (As of Sep. 2024)

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What is Royal Helium Days Payable?

Royal Helium's average Accounts Payable for the three months ended in Sep. 2024 was C$3.94 Mil. Royal Helium's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.85 Mil. Hence, Royal Helium's Days Payable for the three months ended in Sep. 2024 was 421.32.

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

TSXV:RHC' s Days Payable Range Over the Past 10 Years
Min: 57.09 Med: 826.67 Max: 2799.17
Current: 577.52

During the past 11 years, Royal Helium's highest Days Payable was 2799.17. The lowest was 57.09. And the median was 826.67.

TSXV:RHC's Days Payable is ranked better than
91.7% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs TSXV:RHC: 577.52

Royal Helium's Days Payable declined from Sep. 2023 (1,732.48) to Sep. 2024 (421.32). It may suggest that Royal Helium accelerated paying its suppliers.

Royal Helium Days Payable Historical Data

The historical data trend for Royal Helium'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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Royal Helium Days Payable Chart

Royal Helium Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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2,799.17

Royal Helium 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															1,732.48	1,085.19	533.53	389.95	421.32

Competitive Comparison of Royal Helium's Days Payable

For the Oil & Gas E&P subindustry, Royal Helium'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.

Royal Helium's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Royal Helium's Days Payable falls into.

Royal Helium 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.

Royal Helium'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
=	( (8.634	+	5.891)	/	2 )	/	0.947	*	365
=	7.2625					/	0.947	*	365
=	2,799.17

Royal Helium'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
=	( (3.485	+	4.392)	/	2 )	/	0.853	*	365 / 4
=	3.9385					/	0.853	*	365 / 4
=	421.32

Royal Helium Days Payable Related Terms

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Royal Helium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Royal Helium Ltd (TSXV:RHC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RHCCF:USA RD31:Germany

Address

224, 4th Avenue South, Suite 602, Saskatoon, SK, CAN, S7K 5M5

Website

https://www.royalheliumltd.com

Royal Helium Ltd is focused on the exploration and development of primary helium production in southern Saskatchewan. Royal is the helium leaseholder in North America. Located next to highways, roads, and cities, and importantly close to existing oil and gas infrastructure, the company's projects were methodically evaluated for helium potential for over two years, and have been vetted by helium experts, professional geologists, and engineers. The company's project includes Saskatchewan Helium Play Elements for Success.

Executives

David Thomas Young	Senior Officer
John Styles	Deemed Insider - 6 Months before becoming Insider
Shayne Simon Neigum	Senior Officer
Andrew Davidson	Director, Senior Officer
Tom Macneill	Director
R W Campbell Becher	Director
Stephen Philip Halabura	Senior Officer

Royal Helium Headlines

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