Cue Energy Resources (ASX:CUE) Days Payable : 66.45 (As of Dec. 2023)

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What is Cue Energy Resources Days Payable?

Cue Energy Resources's average Accounts Payable for the six months ended in Dec. 2023 was A$3.95 Mil. Cue Energy Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was A$10.85 Mil. Hence, Cue Energy Resources's Days Payable for the six months ended in Dec. 2023 was 66.45.

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

ASX:CUE' s Days Payable Range Over the Past 10 Years
Min: 54.11 Med: 91.81 Max: 499.66
Current: 80.73

During the past 13 years, Cue Energy Resources's highest Days Payable was 499.66. The lowest was 54.11. And the median was 91.81.

ASX:CUE's Days Payable is ranked better than
59.56% of 900 companies
in the Oil & Gas industry
Industry Median: 60.89 vs ASX:CUE: 80.73

Cue Energy Resources's Days Payable declined from Dec. 2022 (84.19) to Dec. 2023 (66.45). It may suggest that Cue Energy Resources accelerated paying its suppliers.

Cue Energy Resources Days Payable Historical Data

The historical data trend for Cue Energy 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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Cue Energy Resources Days Payable Chart

Cue Energy Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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80.17

54.11

70.76

91.83

91.78

Cue Energy Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															67.36	110.13	84.19	100.63	66.45

Competitive Comparison of Cue Energy Resources's Days Payable

For the Oil & Gas E&P subindustry, Cue Energy 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.

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

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

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

Cue Energy 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.

Cue Energy Resources's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (4.489	+	3.929)	/	2 )	/	16.738	*	365
=	4.209					/	16.738	*	365
=	91.78

Cue Energy Resources'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3.929	+	3.969)	/	2 )	/	10.845	*	365 / 2
=	3.949					/	10.845	*	365 / 2
=	66.45

Cue Energy Resources Days Payable Related Terms

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Cue Energy Resources (ASX:CUE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cue Energy Resources Ltd (ASX:CUE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10-16 Queen Street, Level 3, Melbourne, VIC, AUS, 3000

Website

https://www.cuenrg.com.au

Cue Energy Resources Ltd is an oil and gas exploration, development, and production company. Its geographical segments include : Australia, being the Amadeus Basin assets, Maari in New Zealand and Sampang and Mahato in Indonesia. The company derives a majority of revenue from Indonesia region. Its project portfolio consists of Carnarvon Basin, Taranaki Basin, East Java basin, Kutei basin, and Central Sumatra basin.