VCYE (Velocity Energy) Days Payable: 1,432.80 (As of Jun. 2009)


What is Velocity Energy Days Payable?

Velocity Energy VCYE Days Payable is 1,432.80 as of Jun. 2009.

Velocity Energy's average Accounts Payable for the three months ended in Jun. 2009 was $0.82 Mil. Velocity Energy's Cost of Goods Sold for the three months ended in Jun. 2009 was $0.05 Mil. Hence, Velocity Energy's Days Payable for the three months ended in Jun. 2009 was 1,432.80.

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

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

Velocity Energy's Days Payable increased from Jun. 2008 (284.72) to Jun. 2009 (1,432.80). It may suggest that Velocity Energy delayed paying its suppliers.

Velocity Energy Days Payable Historical Data

* Premium members only.

The historical data trend for Velocity 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.

Velocity Energy Days Payable Chart

Velocity Energy Annual Data
Trend Dec05 Dec06 Dec07 Dec08
Days Payable
0.00 0.00 0.00 555.97

Velocity Energy Quarterly Data
Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09
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 284.72 56.37 127.09 468.19 1,432.80

VCYE vs TGC, EVEPQ, BBLS: Days Payable Comparison

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

Velocity Energy Days Payable vs Oil & Gas Industry

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

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


Velocity 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.

Velocity Energy's Days Payable for the fiscal year that ended in Dec. 2008 is calculated as

Days Payable (A: Dec. 2008 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2007 ) + Accounts Payable (A: Dec. 2008 )) / count ) / Cost of Goods Sold (A: Dec. 2008 )*Days in Period
=( (2.378 + 0.97) / 2 ) / 1.099*365
=1.674 / 1.099*365
=555.97

Velocity Energy's Days Payable for the quarter that ended in Jun. 2009 is calculated as:

Days Payable (Q: Jun. 2009 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2009 ) + Accounts Payable (Q: Jun. 2009 )) / count ) / Cost of Goods Sold (Q: Jun. 2009 )*Days in Period
=( (0.795 + 0.838) / 2 ) / 0.052*365 / 4
=0.8165 / 0.052*365 / 4
=1,432.80

* 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 1,432.80 mean?
Velocity Energy (VCYE) has a Days Payable of 1,432.80 as of Jun. 2009. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Velocity Energy and its competitors.
Is Velocity Energy's Days Payable too high?
Velocity Energy's current Days Payable is 1,432.80. The Oil & Gas industry median Days Payable is 57.95. Velocity Energy's value of 1,432.80 is 2372.5% above this industry median.
How does Velocity Energy's Days Payable compare to TGC and EVEPQ?
Velocity Energy's Days Payable of 1,432.80 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.95. Velocity Energy's value of 1,432.80 is 2372.5% 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. Velocity Energy's current Days Payable of 1,432.80 is 2372.5% 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 Velocity 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. Velocity Energy's current Days Payable is 1,432.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Velocity Energy stock overvalued right now?
Velocity Energy (VCYE) has a current Days Payable of 1,432.80. The current Days Payable is 1,432.80 and 2372.5% 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 Velocity Energy (VCYE), the current Days Payable is 1,432.80 as of Jun. 2009. 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.

Velocity Energy Business Description

Industry EnergyOil & Gas
Address 523 North Sam Houston Parkway East, Suite 175, Houston, TX, USA, 77060
Velocity Energy Inc is an oil and gas exploration and production company. It is engaged in the acquisition, development, exploration and production of natural gas and oil.