International Petroleum (TSX:IPCO) Days Payable : 16.41 (As of Mar. 2024)

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What is International Petroleum Days Payable?

International Petroleum's average Accounts Payable for the three months ended in Mar. 2024 was C$42 Mil. International Petroleum's Cost of Goods Sold for the three months ended in Mar. 2024 was C$235 Mil. Hence, International Petroleum's Days Payable for the three months ended in Mar. 2024 was 16.41.

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

TSX:IPCO' s Days Payable Range Over the Past 10 Years
Min: 3.14 Med: 7.59 Max: 16.36
Current: 14.94

During the past 10 years, International Petroleum's highest Days Payable was 16.36. The lowest was 3.14. And the median was 7.59.

TSX:IPCO's Days Payable is ranked worse than
90.56% of 900 companies
in the Oil & Gas industry
Industry Median: 61.27 vs TSX:IPCO: 14.94

International Petroleum's Days Payable increased from Mar. 2023 (15.53) to Mar. 2024 (16.41). It may suggest that International Petroleum delayed paying its suppliers.

International Petroleum Days Payable Historical Data

The historical data trend for International Petroleum'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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International Petroleum Days Payable Chart

International Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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13.47

12.87

7.59

7.23

16.36

International Petroleum 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															15.53	14.31	17.09	15.00	16.41

Competitive Comparison of International Petroleum's Days Payable

For the Oil & Gas E&P subindustry, International Petroleum'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.

International Petroleum's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where International Petroleum's Days Payable falls into.

International Petroleum 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.

International Petroleum'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
=	( (27.913	+	57.368)	/	2 )	/	951.582	*	365
=	42.6405					/	951.582	*	365
=	16.36

International Petroleum'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
=	( (57.368	+	27.335)	/	2 )	/	235.447	*	365 / 4
=	42.3515					/	235.447	*	365 / 4
=	16.41

International Petroleum Days Payable Related Terms

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International Petroleum (TSX:IPCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » International Petroleum Corp (TSX:IPCO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

IPCFF:USA IPCO:Sweden IPCOs:UK 0V1L:UK IPT:Germany

Address

885 West Georgia Street, Suite 2000, Vancouver, BC, CAN, V6C 3E8

Website

https://www.international-petroleum.com

International Petroleum Corp is an international oil and gas exploration and production company. It is engaged in the exploration, development, and production of oil and gas. Geographically, the company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia, and France. It is based in Canada and derives revenue from the sales of gas, crude oil, and natural gas liquids, of which key revenue is derived from the sales of crude oil.

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