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

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What is Velocity Energy Days Payable?

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: 61.11
* 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

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.

* Premium members only.

Velocity Energy Days Payable Chart

Velocity Energy Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Days Payable

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										284.72	56.37	127.09	468.19	1,432.80

Competitive Comparison of Velocity Energy's Days Payable

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's Days Payable Distribution in the 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

Velocity Energy Days Payable Related Terms

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Velocity Energy (Velocity Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Velocity Energy Inc. (OTCPK:VCYE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

523 North Sam Houston Parkway East, Suite 175, Houston, TX, USA, 77060

Website

http://www.velocity-energy.com

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.

Executives

Michael J Pawelek	director, officer: President and CEO	300 EAST SONTERRA BLVD. STE 1220 SAN ANTONIO TX 78258
Peter Benz	10 percent owner	171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Longview Fund Lp	10 percent owner	VIKING ASSET MANAGEMENT LLC, 66 BOVET ROAD, SUITE 320, SAN MATEO, CA 94402
Howard J Taylor	director, 10 percent owner, officer: CEO	STE. 194 48 PAR LA VILLE RD HAMILTON D0 HM11

Velocity Energy (Velocity Energy) Headlines

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