Vertex Energy (STU:5VE) Days Payable : 9.99 (As of Mar. 2024)

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What is Vertex Energy Days Payable?

Vertex Energy's average Accounts Payable for the three months ended in Mar. 2024 was €66 Mil. Vertex Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was €607 Mil. Hence, Vertex Energy's Days Payable for the three months ended in Mar. 2024 was 9.99.

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

STU:5VE' s Days Payable Range Over the Past 10 Years
Min: 2.18 Med: 23.15 Max: 172
Current: 6.7

During the past 13 years, Vertex Energy's highest Days Payable was 172.00. The lowest was 2.18. And the median was 23.15.

STU:5VE's Days Payable is ranked worse than
96.12% of 901 companies
in the Oil & Gas industry
Industry Median: 60.98 vs STU:5VE: 6.70

Vertex Energy's Days Payable increased from Mar. 2023 (3.89) to Mar. 2024 (9.99). It may suggest that Vertex Energy delayed paying its suppliers.

Vertex Energy Days Payable Historical Data

The historical data trend for Vertex 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.

* Premium members only.

Vertex Energy Days Payable Chart

Vertex Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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169.85

22.32

13.20

2.13

5.81

Vertex 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															3.89	4.57	5.10	8.64	9.99

Competitive Comparison of Vertex Energy's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Vertex 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.

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

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

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

Vertex 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.

Vertex 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
=	( (19.821	+	68.779)	/	2 )	/	2781.273	*	365
=	44.3					/	2781.273	*	365
=	5.81

Vertex 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
=	( (68.779	+	64.212)	/	2 )	/	607.402	*	365 / 4
=	66.4955					/	607.402	*	365 / 4
=	9.99

Vertex Energy Days Payable Related Terms

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Vertex Energy (STU:5VE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Vertex Energy Inc (STU:5VE) » Definitions » Days Payable

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Address

1331 Gemini Street, Suite 250, Houston, TX, USA, 77058

Website

https://www.vertexenergy.com

Vertex Energy Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Its operating segments are Refining and Marketing, and Recovery. The company generates maximum revenue from the Refining and Marketing segment. The company collects used oil from businesses such as oil change service stations, automotive repair shops, petroleum refineries, and petrochemical manufacturing operations.

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