Trillion Energy International (XCNQ:TCF) Days Payable : 755.81 (As of Sep. 2024)

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What is Trillion Energy International Days Payable?

Trillion Energy International's average Accounts Payable for the three months ended in Sep. 2024 was C$20.85 Mil. Trillion Energy International's Cost of Goods Sold for the three months ended in Sep. 2024 was C$2.52 Mil. Hence, Trillion Energy International's Days Payable for the three months ended in Sep. 2024 was 755.81.

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

XCNQ:TCF' s Days Payable Range Over the Past 10 Years
Min: 118.21 Med: 248 Max: 762.51
Current: 762.51

During the past 13 years, Trillion Energy International's highest Days Payable was 762.51. The lowest was 118.21. And the median was 248.00.

XCNQ:TCF's Days Payable is ranked better than
93.22% of 870 companies
in the Oil & Gas industry
Industry Median: 59.815 vs XCNQ:TCF: 762.51

Trillion Energy International's Days Payable increased from Sep. 2023 (672.16) to Sep. 2024 (755.81). It may suggest that Trillion Energy International delayed paying its suppliers.

Trillion Energy International Days Payable Historical Data

The historical data trend for Trillion Energy International'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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Trillion Energy International Days Payable Chart

Trillion Energy International Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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176.65

118.21

319.34

416.55

Trillion Energy International Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															672.16	485.61	844.28	1,342.61	755.81

Competitive Comparison of Trillion Energy International's Days Payable

For the Oil & Gas E&P subindustry, Trillion Energy International'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.

Trillion Energy International's Days Payable Distribution in the Oil & Gas Industry

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

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

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Trillion Energy International 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.

Trillion Energy International's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (11.38	+	18.201)	/	2 )	/	12.96	*	365
=	14.7905					/	12.96	*	365
=	416.55

Trillion Energy International's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (20.904	+	20.792)	/	2 )	/	2.517	*	365 / 4
=	20.848					/	2.517	*	365 / 4
=	755.81

Trillion Energy International Days Payable Related Terms

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Trillion Energy International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trillion Energy International Inc (XCNQ:TCF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TRLEF:USA Z620:Germany Z620:Germany Z620:Germany

Address

838 West Hastings Street, Suite 700, Vancouver, BC, CAN, V6C 0A6

Website

https://www.trillionenergy.com

Trillion Energy International Inc is an oil and gas-producing company with multiple assets throughout Turkey and Bulgaria. The company is 49% owner of the SASB natural gas field, one of the Black Sea's first natural gas development projects; a 19.6% (except three wells with 9.8%) ownership interest in the Cendere oil field; and Bulgaria, the Vranino 1-11 block, a prospective unconventional natural gas property. The company has three operating segments; North America, Turkey, and Bulgaria. It derives a majority of its revenue from Turkey.

Executives

Renata Kubicek	Senior Officer
Sean Stofer	Director
Barry Gordon Mcleod Wood	Director
David Thompson	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Arthur Alvin Halleran	Director, Senior Officer
Kubilay Yildirim	Director