Canadian Spirit Resources (TSXV:SPI) Days Payable : 238.52 (As of Jun. 2023)

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What is Canadian Spirit Resources Days Payable?

Canadian Spirit Resources's average Accounts Payable for the three months ended in Jun. 2023 was C$0.56 Mil. Canadian Spirit Resources's Cost of Goods Sold for the three months ended in Jun. 2023 was C$0.22 Mil. Hence, Canadian Spirit Resources's Days Payable for the three months ended in Jun. 2023 was 238.52.

The historical rank and industry rank for Canadian Spirit Resources's Days Payable or its related term are showing as below:

TSXV:SPI' s Days Payable Range Over the Past 10 Years
Min: 70.3 Med: 185.06 Max: 562.66
Current: 426.58

During the past 13 years, Canadian Spirit Resources's highest Days Payable was 562.66. The lowest was 70.30. And the median was 185.06.

TSXV:SPI's Days Payable is ranked better than
89.57% of 901 companies
in the Oil & Gas industry
Industry Median: 59.19 vs TSXV:SPI: 426.58

Canadian Spirit Resources's Days Payable declined from Jun. 2022 (609.38) to Jun. 2023 (238.52). It may suggest that Canadian Spirit Resources accelerated paying its suppliers.

Canadian Spirit Resources Days Payable Historical Data

The historical data trend for Canadian Spirit Resources'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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Canadian Spirit Resources Days Payable Chart

Canadian Spirit Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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183.52

133.58

283.82

491.49

562.66

Canadian Spirit Resources Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Payable	Get a 7-Day Free Trial															609.38	871.08	686.11	314.63	238.52

Competitive Comparison of Canadian Spirit Resources's Days Payable

For the Oil & Gas E&P subindustry, Canadian Spirit Resources'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.

Canadian Spirit Resources's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Canadian Spirit Resources's Days Payable falls into.

Canadian Spirit Resources 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.

Canadian Spirit Resources's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.441	+	0.487)	/	2 )	/	0.301	*	365
=	0.464					/	0.301	*	365
=	562.66

Canadian Spirit Resources's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.575	+	0.549)	/	2 )	/	0.215	*	365 / 4
=	0.562					/	0.215	*	365 / 4
=	238.52

Canadian Spirit Resources Days Payable Related Terms

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Canadian Spirit Resources (TSXV:SPI) Business Description

Industry

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CSPUF:USA

Address

140 - 4th Avenue South West, Suite 900, Calgary, AB, CAN, T2P 3N3

Website

https://www.csri.ca

Canadian Spirit Resources Inc is a natural resources company. It focuses on the identification and development of opportunities in the unconventional natural gas sector of the energy industry.