Western Energy Services (TSX:WRG) Days Payable : 142.57 (As of Mar. 2024)

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What is Western Energy Services Days Payable?

Western Energy Services's average Accounts Payable for the three months ended in Mar. 2024 was C$16.4 Mil. Western Energy Services's Cost of Goods Sold for the three months ended in Mar. 2024 was C$10.5 Mil. Hence, Western Energy Services's Days Payable for the three months ended in Mar. 2024 was 142.57.

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

TSX:WRG' s Days Payable Range Over the Past 10 Years
Min: 18.73 Med: 81.27 Max: 211.73
Current: 211.73

During the past 13 years, Western Energy Services's highest Days Payable was 211.73. The lowest was 18.73. And the median was 81.27.

TSX:WRG's Days Payable is ranked better than
83.33% of 900 companies
in the Oil & Gas industry
Industry Median: 61.045 vs TSX:WRG: 211.73

Western Energy Services's Days Payable declined from Mar. 2023 (240.82) to Mar. 2024 (142.57). It may suggest that Western Energy Services accelerated paying its suppliers.

Western Energy Services Days Payable Historical Data

The historical data trend for Western Energy Services'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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Western Energy Services Days Payable Chart

Western Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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86.78

75.75

87.48

150.95

144.72

Western Energy Services 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															240.82	266.34	255.97	167.85	142.57

Competitive Comparison of Western Energy Services's Days Payable

For the Oil & Gas Drilling subindustry, Western Energy Services'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.

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

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

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

Western Energy Services 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.

Western Energy Services'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
=	( (21.967	+	11.469)	/	2 )	/	42.164	*	365
=	16.718					/	42.164	*	365
=	144.72

Western Energy Services'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
=	( (11.469	+	21.414)	/	2 )	/	10.523	*	365 / 4
=	16.4415					/	10.523	*	365 / 4
=	142.57

Western Energy Services Days Payable Related Terms

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Western Energy Services (TSX:WRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Western Energy Services Corp (TSX:WRG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

WEEEF:USA

Address

215 - 9th Avenue SW, Suite 1700, Calgary, AB, CAN, T2P 1K3

Website

https://www.wesc.ca

Western Energy Services Corp operates as an oilfield service industry in Canada and the United States of America. The company functions its drilling services through two segments namely, Contract drilling and Production services. Its contract drilling segment is involved in drilling rigs with ancillary equipment as well as provides such services to crude oil and natural gas exploration and production companies. The production service segment includes well servicing rigs and related equipment, and oilfield rental equipment. It generates revenue mainly through its Contract drilling operation segment.

Executives

Sime Armoyan	10% Security Holder
Tomer Cohen	Director

Western Energy Services (TSX:WRG) Headlines

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