Phoscan Chemical (TSX:FOS) Days Payable : 175.38 (As of Dec. 2023)

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What is Phoscan Chemical Days Payable?

Phoscan Chemical's average Accounts Payable for the three months ended in Dec. 2023 was C$27.79 Mil. Phoscan Chemical's Cost of Goods Sold for the three months ended in Dec. 2023 was C$14.46 Mil. Hence, Phoscan Chemical's Days Payable for the three months ended in Dec. 2023 was 175.38.

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

TSX:FOS' s Days Payable Range Over the Past 10 Years
Min: 1.03 Med: 145.88 Max: 226.26
Current: 153.83

During the past 13 years, Phoscan Chemical's highest Days Payable was 226.26. The lowest was 1.03. And the median was 145.88.

TSX:FOS's Days Payable is ranked better than
77.56% of 900 companies
in the Oil & Gas industry
Industry Median: 60.215 vs TSX:FOS: 153.83

Phoscan Chemical's Days Payable declined from Dec. 2022 (253.41) to Dec. 2023 (175.38). It may suggest that Phoscan Chemical accelerated paying its suppliers.

Phoscan Chemical Days Payable Historical Data

The historical data trend for Phoscan Chemical'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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Phoscan Chemical Days Payable Chart

Phoscan Chemical Annual Data

Trend

Jan14

Jan15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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137.92

114.39

149.92

206.15

226.26

Phoscan Chemical Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															253.41	157.13	102.39	100.36	175.38

Competitive Comparison of Phoscan Chemical's Days Payable

For the Oil & Gas E&P subindustry, Phoscan Chemical'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.

Phoscan Chemical's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Phoscan Chemical's Days Payable falls into.

Phoscan Chemical 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.

Phoscan Chemical'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
=	( (45.191	+	34.003)	/	2 )	/	63.878	*	365
=	39.597					/	63.878	*	365
=	226.26

Phoscan Chemical's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (21.576	+	34.003)	/	2 )	/	14.459	*	365 / 4
=	27.7895					/	14.459	*	365 / 4
=	175.38

Phoscan Chemical Days Payable Related Terms

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Phoscan Chemical (TSX:FOS) Business Description

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PTRUF:USA PRQ:Canada

Address

2400, 240 - 4th Avenue SW, Calgary, AB, CAN, T2P 4H4

Website

https://www.petrusresources.com

Petrus Resources Ltd is an oil and gas company that is engaged in the acquisition, development, exploration, and exploitation of energy business assets. The company receives maximum revenue from oil and natural gas. The company's core operating areas are Ferrier, Central Alberta, and the Rocky Mountain foothills.

Phoscan Chemical (TSX:FOS) Headlines

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