TAG Oil (TAG Oil) Days Payable : 117.02 (As of Sep. 2023)

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What is TAG Oil Days Payable?

TAG Oil's average Accounts Payable for the three months ended in Sep. 2023 was $0.89 Mil. TAG Oil's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.69 Mil. Hence, TAG Oil's Days Payable for the three months ended in Sep. 2023 was 117.02.

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

TAOIF' s Days Payable Range Over the Past 10 Years
Min: 75.79 Med: 120.97 Max: 809.01
Current: 225.16

During the past 13 years, TAG Oil's highest Days Payable was 809.01. The lowest was 75.79. And the median was 120.97.

TAOIF's Days Payable is ranked better than
83.98% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs TAOIF: 225.16

TAG Oil's Days Payable declined from Sep. 2022 (939.88) to Sep. 2023 (117.02). It may suggest that TAG Oil accelerated paying its suppliers.

TAG Oil Days Payable Historical Data

The historical data trend for TAG Oil'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.

TAG Oil Days Payable Chart

TAG Oil Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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79.55

133.28

738.78

758.52

816.69

TAG Oil Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															939.88	1,164.96	1,404.07	1,869.24	117.02

Competitive Comparison of TAG Oil's Days Payable

For the Oil & Gas E&P subindustry, TAG Oil'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.

TAG Oil's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where TAG Oil's Days Payable falls into.

TAG Oil 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.

TAG Oil's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.075	+	0.462)	/	2 )	/	0.12	*	365
=	0.2685					/	0.12	*	365
=	816.69

TAG Oil's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.89	+	0)	/	1 )	/	0.694	*	365 / 4
=	0.89					/	0.694	*	365 / 4
=	117.02

TAG Oil Days Payable Related Terms

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TAG Oil (TAG Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TAG Oil Ltd (OTCPK:TAOIF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

T0P:Germany TAO:Canada

Address

1710 - 1050 West Pender Street, Suite 2040, Vancouver, BC, CAN, V6E 3S7

Website

https://www.tagoil.com

TAG Oil Ltd is a Canada-based oil and gas exploration, development, and production company. It operates through three geographical segments namely Canada, New Zealand, and Australia. Geographically, the firm generates a majority of its revenue from New Zealand.