UNRG (United Energy) Days Payable: 427.83 (As of Dec. 2010)


What is United Energy Days Payable?

United Energy UNRG -6.19% Days Payable is 427.83 as of Dec. 2010.

United Energy's average Accounts Payable for the three months ended in Dec. 2010 was $0.29 Mil. United Energy's Cost of Goods Sold for the three months ended in Dec. 2010 was $0.06 Mil. Hence, United Energy's Days Payable for the three months ended in Dec. 2010 was 427.83.

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

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

United Energy's Days Payable increased from Dec. 2009 (122.86) to Dec. 2010 (427.83). It may suggest that United Energy delayed paying its suppliers.

United Energy Days Payable Historical Data

* Premium members only.

The historical data trend for United 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.

United Energy Days Payable Chart

United Energy Annual Data
Trend Mar01 Mar02 Mar03 Mar04 Mar05 Mar06 Mar07 Mar08 Mar09 Mar10
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 326.20 207.13 117.13 115.23 115.94

United Energy Quarterly Data
Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 122.86 148.19 144.79 176.42 427.83

UNRG vs GLYE: Days Payable Comparison

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

United Energy Days Payable vs Oil & Gas Industry

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

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


United 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.

United Energy's Days Payable for the fiscal year that ended in Mar. 2010 is calculated as

Days Payable (A: Mar. 2010 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2009 ) + Accounts Payable (A: Mar. 2010 )) / count ) / Cost of Goods Sold (A: Mar. 2010 )*Days in Period
=( (0.19 + 0.235) / 2 ) / 0.669*365
=0.2125 / 0.669*365
=115.94

United Energy's Days Payable for the quarter that ended in Dec. 2010 is calculated as:

Days Payable (Q: Dec. 2010 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2010 ) + Accounts Payable (Q: Dec. 2010 )) / count ) / Cost of Goods Sold (Q: Dec. 2010 )*Days in Period
=( (0.324 + 0.248) / 2 ) / 0.061*365 / 4
=0.286 / 0.061*365 / 4
=427.83

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 427.83 mean?
United Energy (UNRG) has a Days Payable of 427.83 as of Dec. 2010. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on United Energy and its competitors.
Is United Energy's Days Payable too high?
United Energy's current Days Payable is 427.83. The Oil & Gas industry median Days Payable is 57.95. United Energy's value of 427.83 is 638.3% above this industry median.
How does United Energy's Days Payable compare to GLYE?
United Energy's Days Payable of 427.83 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.95. United Energy's value of 427.83 is 638.3% 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 849 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. United Energy's current Days Payable of 427.83 is 638.3% 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 United 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. United Energy's current Days Payable is 427.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Energy stock overvalued right now?
United Energy (UNRG) has a current Days Payable of 427.83. The current Days Payable is 427.83 and 638.3% 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 United Energy (UNRG), the current Days Payable is 427.83 as of Dec. 2010. 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.

United Energy Business Description

Industry EnergyOil & Gas
Address 101 East Park Boulevard, 6th Floor, Suite 600, Plano, TX, USA, 75074
United Energy Corp is engaged in the exploration and production of oil and natural gas properties. The company's holdings include assets and operations in Texas, Oklahoma, Kansas, and Louisiana. It owns or has operations in over 200,000 acres of leasehold properties, 2,000 wells, and 1,100 miles of natural gas pipelines.