Canacol Energy (BOG:CNEC) Days Payable : 488.90 (As of Mar. 2024)

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What is Canacol Energy Days Payable?

Canacol Energy's average Accounts Payable for the three months ended in Mar. 2024 was COP400,178 Mil. Canacol Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was COP74,691 Mil. Hence, Canacol Energy's Days Payable for the three months ended in Mar. 2024 was 488.90.

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

BOG:CNEC' s Days Payable Range Over the Past 10 Years
Min: 189.53 Med: 378.45 Max: 566.42
Current: 422.03

During the past 13 years, Canacol Energy's highest Days Payable was 566.42. The lowest was 189.53. And the median was 378.45.

BOG:CNEC's Days Payable is ranked better than
89.11% of 900 companies
in the Oil & Gas industry
Industry Median: 60.89 vs BOG:CNEC: 422.03

Canacol Energy's Days Payable increased from Mar. 2023 (336.00) to Mar. 2024 (488.90). It may suggest that Canacol Energy delayed paying its suppliers.

Canacol Energy Days Payable Historical Data

The historical data trend for Canacol Energy'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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Canacol Energy Days Payable Chart

Canacol Energy Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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329.31

265.32

181.07

200.42

437.73

Canacol Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															336.00	370.31	425.50	444.54	488.90

Competitive Comparison of Canacol Energy's Days Payable

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

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

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

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

Canacol Energy 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.

Canacol Energy'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
=	( (297187.138	+	432219.197)	/	2 )	/	304104.703	*	365
=	364703.1675					/	304104.703	*	365
=	437.73

Canacol Energy's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (432219.197	+	368137.368)	/	2 )	/	74690.556	*	365 / 4
=	400178.2825					/	74690.556	*	365 / 4
=	488.90

Canacol Energy Days Payable Related Terms

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Canacol Energy (BOG:CNEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canacol Energy Ltd (BOG:CNEC) » Definitions » Days Payable

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Traded in Other Exchanges

CNNEF:USA 3B6:Germany CNE:Canada

Address

215 - 9 Avenue SW, Suite 2000, Calgary, AB, CAN, T2P 1K3

Website

https://www.canacolenergy.com

Canacol Energy Ltd is a natural gas and oil exploration and production company. The company operates in the Lower and Middle Magdalena Basins of Colombia.

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