Reconnaissance Energy Africa (STU:0XD) Days Payable : 0.00 (As of Jun. 2024)

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What is Reconnaissance Energy Africa Days Payable?

Reconnaissance Energy Africa's average Accounts Payable for the three months ended in Jun. 2024 was €2.60 Mil. Reconnaissance Energy Africa's Cost of Goods Sold for the three months ended in Jun. 2024 was €0.00 Mil.

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

During the past 13 years, Reconnaissance Energy Africa's highest Days Payable was 175.30. The lowest was 175.30. And the median was 175.30.

STU:0XD's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 57.93
* Ranked among companies with meaningful Days Payable only.

Reconnaissance Energy Africa's Days Payable declined from Jun. 2023 (229.58) to Jun. 2024 (0.00). It may suggest that Reconnaissance Energy Africa accelerated paying its suppliers.

Reconnaissance Energy Africa Days Payable Historical Data

The historical data trend for Reconnaissance Energy Africa'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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Reconnaissance Energy Africa Days Payable Chart

Reconnaissance Energy Africa Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Mar24

Days Payable

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172.44

Reconnaissance Energy Africa Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															229.58	-	-	-	-

Competitive Comparison of Reconnaissance Energy Africa's Days Payable

For the Oil & Gas E&P subindustry, Reconnaissance Energy Africa'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.

Reconnaissance Energy Africa's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Reconnaissance Energy Africa's Days Payable falls into.

Reconnaissance Energy Africa 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.

Reconnaissance Energy Africa's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (4.59	+	2.277)	/	2 )	/	0	*	365
=	3.4335					/	0	*	365
=	N/A

Reconnaissance Energy Africa's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (2.277	+	2.923)	/	2 )	/	0	*	365 / 4
=	2.6					/	0	*	365 / 4
=	N/A

Reconnaissance Energy Africa Days Payable Related Terms

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Reconnaissance Energy Africa Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Reconnaissance Energy Africa Ltd (STU:0XD) » Definitions » Days Payable

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RECAF:USA RECO:Canada

Address

Bentall, PO Box 48326, Vancouver, BC, CAN, V7X 1A1

Website

https://www.reconafrica.com

Reconnaissance Energy Africa Ltd is a junior oil and gas company engaged in the exploration and development of oil and gas in Namibia and Botswana. It holds a substantial interest in a petroleum exploration license in northeast Namibia which covers the entire Kavango sedimentary basin. The Company's operating segments are: the exploration and evaluation of its African assets; the oil and gas operations in Mexico; and the corporate segment. The Mexico segment derives its revenues solely from the production and sale of oil and natural gas from one customer. The corporate segment majorly aggregates costs incurred at the Company's head office in Vancouver and the operations office in Calgary.

Reconnaissance Energy Africa Headlines

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