NG Energy International (TSXV:GASX) Days Payable : 165.17 (As of Dec. 2023)

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What is NG Energy International Days Payable?

NG Energy International's average Accounts Payable for the three months ended in Dec. 2023 was C$5.36 Mil. NG Energy International's Cost of Goods Sold for the three months ended in Dec. 2023 was C$2.96 Mil. Hence, NG Energy International's Days Payable for the three months ended in Dec. 2023 was 165.17.

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

TSXV:GASX' s Days Payable Range Over the Past 10 Years
Min: 166.38 Med: 712.73 Max: 110311.11
Current: 166.38

During the past 13 years, NG Energy International's highest Days Payable was 110311.11. The lowest was 166.38. And the median was 712.73.

TSXV:GASX's Days Payable is ranked better than
79.22% of 900 companies
in the Oil & Gas industry
Industry Median: 61.27 vs TSXV:GASX: 166.38

NG Energy International's Days Payable declined from Dec. 2022 (205.85) to Dec. 2023 (165.17). It may suggest that NG Energy International accelerated paying its suppliers.

NG Energy International Days Payable Historical Data

The historical data trend for NG Energy International'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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NG Energy International Days Payable Chart

NG Energy International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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56,326.14

48,130.23

110,311.11

653.18

167.08

NG Energy International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															205.85	155.52	-	-	165.17

Competitive Comparison of NG Energy International's Days Payable

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

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

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

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

NG Energy International 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.

NG Energy International'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
=	( (3.862	+	5.356)	/	2 )	/	10.069	*	365
=	4.609					/	10.069	*	365
=	167.08

NG Energy International'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	5.356)	/	1 )	/	2.959	*	365 / 4
=	5.356					/	2.959	*	365 / 4
=	165.17

NG Energy International Days Payable Related Terms

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NG Energy International (TSXV:GASX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NG Energy International Corp (TSXV:GASX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GASXF:USA 56P:Germany

Address

595 Burrard Street, Suite 3123, Vancouver, BC, CAN, V7X 1J1

Website

https://www.ngxenergyintl.com

NG Energy International Corp is an oil and gas company. It is engaged in the business of exploration and development of oil and gas. The company derives key revenue from the sales of oil and natural gas.

Executives

Brian Alexander Paes-braga

10% Security Holder, Director

NG Energy International (TSXV:GASX) Headlines

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