Helium Evolution (TSXV:HEVI) Days Payable : 10,767.50 (As of Dec. 2023)

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What is Helium Evolution Days Payable?

Helium Evolution's average Accounts Payable for the three months ended in Dec. 2023 was C$0.71 Mil. Helium Evolution's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.01 Mil. Hence, Helium Evolution's Days Payable for the three months ended in Dec. 2023 was 10,767.50.

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

TSXV:HEVI' s Days Payable Range Over the Past 10 Years
Min: 1288.24 Med: 3532.39 Max: 7938.75
Current: 3532.39

During the past 4 years, Helium Evolution's highest Days Payable was 7938.75. The lowest was 1288.24. And the median was 3532.39.

TSXV:HEVI's Days Payable is ranked better than
97.45% of 901 companies
in the Oil & Gas industry
Industry Median: 60.98 vs TSXV:HEVI: 3532.39

Helium Evolution's Days Payable increased from Dec. 2022 (2,533.94) to Dec. 2023 (10,767.50). It may suggest that Helium Evolution delayed paying its suppliers.

Helium Evolution Days Payable Historical Data

The historical data trend for Helium Evolution'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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Helium Evolution Days Payable Chart

Helium Evolution Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

7,938.75

1,288.24

3,532.39

Helium Evolution Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial										2,533.94	1,144.13	-	-	10,767.50

Competitive Comparison of Helium Evolution's Days Payable

For the Oil & Gas E&P subindustry, Helium Evolution'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.

Helium Evolution's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Helium Evolution's Days Payable falls into.

Helium Evolution 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.

Helium Evolution'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
=	( (0.163	+	0.708)	/	2 )	/	0.045	*	365
=	0.4355					/	0.045	*	365
=	3,532.39

Helium Evolution'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	+	0.708)	/	1 )	/	0.006	*	365 / 4
=	0.708					/	0.006	*	365 / 4
=	10,767.50

Helium Evolution Days Payable Related Terms

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Helium Evolution (TSXV:HEVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Helium Evolution Inc (TSXV:HEVI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HEEVF:USA

Address

400 - 505 - 3rd Street SW, Calgary, AB, CAN, T2P 3E6

Website

https://www.heliumevolution.ca

Helium Evolution Inc is engaged in the exploration and production of helium. The company holds helium land permits near proven discoveries of economic helium concentrations.

Executives

Patrick Mills

Senior Officer

Helium Evolution (TSXV:HEVI) Headlines

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