WDGRF (Wedgemount Resources) Days Payable : 2,919.25 (As of Oct. 2024)

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What is Wedgemount Resources Days Payable?

Wedgemount Resources's average Accounts Payable for the three months ended in Oct. 2024 was $1.95 Mil. Wedgemount Resources's Cost of Goods Sold for the three months ended in Oct. 2024 was $0.06 Mil. Hence, Wedgemount Resources's Days Payable for the three months ended in Oct. 2024 was 2,919.25.

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

WDGRF' s Days Payable Range Over the Past 10 Years
Min: 1199.29 Med: 1716.65 Max: 2558.8
Current: 2558.8

During the past 4 years, Wedgemount Resources's highest Days Payable was 2558.80. The lowest was 1199.29. And the median was 1716.65.

WDGRF's Days Payable is ranked better than
96.6% of 882 companies
in the Oil & Gas industry
Industry Median: 60.84 vs WDGRF: 2558.80

Wedgemount Resources's Days Payable increased from Oct. 2023 (724.57) to Oct. 2024 (2,919.25). It may suggest that Wedgemount Resources delayed paying its suppliers.

Wedgemount Resources Days Payable Historical Data

The historical data trend for Wedgemount 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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Wedgemount Resources Days Payable Chart

Wedgemount Resources Annual Data

Trend

Jul21

Jul22

Jul23

Jul24

Days Payable

1,212.32

2,248.22

Wedgemount Resources Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Days Payable	Get a 7-Day Free Trial											724.57	2,940.28	1,811.84	2,843.35	2,919.25

Competitive Comparison of Wedgemount Resources's Days Payable

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

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

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

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

Wedgemount 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.

Wedgemount Resources's Days Payable for the fiscal year that ended in Jul. 2024 is calculated as

	Days Payable (A: Jul. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jul. 2023 )	+	Accounts Payable (A: Jul. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2024 )	*	Days in Period
=	( (0.232	+	1.776)	/	2 )	/	0.163	*	365
=	1.004					/	0.163	*	365
=	2,248.22

Wedgemount Resources's Days Payable for the quarter that ended in Oct. 2024 is calculated as:

	Days Payable (Q: Oct. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2024 )	+	Accounts Payable (Q: Oct. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2024 )	*	Days in Period
=	( (1.776	+	2.127)	/	2 )	/	0.061	*	365 / 4
=	1.9515					/	0.061	*	365 / 4
=	2,919.25

Wedgemount Resources Days Payable Related Terms

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Wedgemount Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wedgemount Resources Corp (OTCPK:WDGRF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

WDGY:Canada

Address

2303 Lawson Avenue, West Vancouver, BC, CAN, V7V 2E5

Website

https://www.wedgemountresources.com

Wedgemount Resources Corp is a Vancouver based company engaged in the exploration for and the development and operation of petroleum and natural gas in the U.S.A. The company's project includes Willowbend, TCS and Millican Projects. The company is focused on consolidating oil and gas assets through the acquisition, development, and operation of distressed oil properties.