Tethys Petroleum (TSXV:TPL) Days Payable : 129.97 (As of Mar. 2024)

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What is Tethys Petroleum Days Payable?

Tethys Petroleum's average Accounts Payable for the three months ended in Mar. 2024 was C$4.42 Mil. Tethys Petroleum's Cost of Goods Sold for the three months ended in Mar. 2024 was C$3.11 Mil. Hence, Tethys Petroleum's Days Payable for the three months ended in Mar. 2024 was 129.97.

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

TSXV:TPL' s Days Payable Range Over the Past 10 Years
Min: 11.24 Med: 99.36 Max: 405.52
Current: 171.55

During the past 13 years, Tethys Petroleum's highest Days Payable was 405.52. The lowest was 11.24. And the median was 99.36.

TSXV:TPL's Days Payable is ranked better than
74% of 900 companies
in the Oil & Gas industry
Industry Median: 61.045 vs TSXV:TPL: 171.55

Tethys Petroleum's Days Payable increased from Mar. 2023 (99.90) to Mar. 2024 (129.97). It may suggest that Tethys Petroleum delayed paying its suppliers.

Tethys Petroleum Days Payable Historical Data

The historical data trend for Tethys 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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Tethys Petroleum Days Payable Chart

Tethys Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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139.77

170.41

405.52

135.80

54.88

Tethys 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															99.90	135.90	154.91	301.82	129.97

Competitive Comparison of Tethys Petroleum's Days Payable

For the Oil & Gas E&P subindustry, Tethys 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.

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

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

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

Tethys 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.

Tethys 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
=	( (1.512	+	2.664)	/	2 )	/	13.888	*	365
=	2.088					/	13.888	*	365
=	54.88

Tethys 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
=	( (2.664	+	6.181)	/	2 )	/	3.105	*	365 / 4
=	4.4225					/	3.105	*	365 / 4
=	129.97

Tethys Petroleum Days Payable Related Terms

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Tethys Petroleum (TSXV:TPL) Business Description

Industry

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TETHF:USA

Address

190 Elgin Avenue, George Town, Grand Cayman, CYM, KY1-9005

Website

https://www.tethys-group.com

Tethys Petroleum Ltd is engaged in the acquisition of and exploration and development of crude oil and natural gas field. The company currently operated in Kazakhstan and others. Its projects include Kyzyloi Production Contract; Akkulka Exploration Contract and Kul-Bas Block.