Canadian Overseas Petroleum (XCNQ:XOP) Days Payable : 325.91 (As of Sep. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Canadian Overseas Petroleum Days Payable?

Canadian Overseas Petroleum's average Accounts Payable for the three months ended in Sep. 2023 was C$10.00 Mil. Canadian Overseas Petroleum's Cost of Goods Sold for the three months ended in Sep. 2023 was C$2.80 Mil. Hence, Canadian Overseas Petroleum's Days Payable for the three months ended in Sep. 2023 was 325.91.

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

XCNQ:XOP' s Days Payable Range Over the Past 10 Years
Min: 231.67 Med: 5344.32 Max: 15349.55
Current: 286.12

During the past 13 years, Canadian Overseas Petroleum's highest Days Payable was 15349.55. The lowest was 231.67. And the median was 5344.32.

XCNQ:XOP's Days Payable is ranked better than
86.67% of 900 companies
in the Oil & Gas industry
Industry Median: 60.89 vs XCNQ:XOP: 286.12

Canadian Overseas Petroleum's Days Payable increased from Sep. 2022 (220.26) to Sep. 2023 (325.91). It may suggest that Canadian Overseas Petroleum delayed paying its suppliers.

Canadian Overseas Petroleum Days Payable Historical Data

The historical data trend for Canadian Overseas 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.

* Premium members only.

Canadian Overseas Petroleum Days Payable Chart

Canadian Overseas Petroleum Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

9,598.15

3,400.46

4,238.06

231.67

276.83

Canadian Overseas Petroleum Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															220.26	235.71	318.50	258.56	325.91

Competitive Comparison of Canadian Overseas Petroleum's Days Payable

For the Oil & Gas E&P subindustry, Canadian Overseas 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.

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

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

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

Canadian Overseas 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.

Canadian Overseas Petroleum's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (7.706	+	9.958)	/	2 )	/	11.645	*	365
=	8.832					/	11.645	*	365
=	276.83

Canadian Overseas Petroleum's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (8.022	+	11.972)	/	2 )	/	2.799	*	365 / 4
=	9.997					/	2.799	*	365 / 4
=	325.91

Canadian Overseas Petroleum Days Payable Related Terms

Thank you for viewing the detailed overview of Canadian Overseas Petroleum's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Canadian Overseas Petroleum (XCNQ:XOP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canadian Overseas Petroleum Ltd (XCNQ:XOP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VELXF:USA COPL:UK V9L:Germany

Address

715 - 5th Avenue South West, Suite 3200, Calgary, AB, CAN, T2P 2X6

Website

https://www.canoverseas.com

Canadian Overseas Petroleum Ltd is an international oil and gas exploration, development and production company pursuing opportunities in the United States with operations in Converse County Wyoming, and in sub-Saharan Africa and independently in other countries. The company's Wyoming operations are environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighboring wind farm to power production facilities.

Executives