Glen Rose Petroleum (Glen Rose Petroleum) Days Payable : 235.44 (As of Dec. 2011)

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What is Glen Rose Petroleum Days Payable?

Glen Rose Petroleum's average Accounts Payable for the three months ended in Dec. 2011 was $0.76 Mil. Glen Rose Petroleum's Cost of Goods Sold for the three months ended in Dec. 2011 was $0.29 Mil. Hence, Glen Rose Petroleum's Days Payable for the three months ended in Dec. 2011 was 235.44.

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

GLRP's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 61.48
* Ranked among companies with meaningful Days Payable only.

Glen Rose Petroleum's Days Payable increased from Dec. 2010 (234.96) to Dec. 2011 (235.44). It may suggest that Glen Rose Petroleum delayed paying its suppliers.

Glen Rose Petroleum Days Payable Historical Data

The historical data trend for Glen Rose 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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Glen Rose Petroleum Days Payable Chart

Glen Rose Petroleum Annual Data

Trend

Mar02

Mar03

Mar04

Mar05

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Days Payable

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592.12

7,632.05

1,957.02

2,191.59

271.11

Glen Rose Petroleum Quarterly Data
	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11
Days Payable	Get a 7-Day Free Trial															234.96	299.67	340.82	928.93	235.44

Competitive Comparison of Glen Rose Petroleum's Days Payable

For the Oil & Gas E&P subindustry, Glen Rose 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.

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

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

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

Glen Rose 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.

Glen Rose Petroleum's Days Payable for the fiscal year that ended in Mar. 2011 is calculated as

	Days Payable (A: Mar. 2011 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2010 )	+	Accounts Payable (A: Mar. 2011 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2011 )	*	Days in Period
=	( (0.752	+	0.686)	/	2 )	/	0.968	*	365
=	0.719					/	0.968	*	365
=	271.11

Glen Rose Petroleum's Days Payable for the quarter that ended in Dec. 2011 is calculated as:

	Days Payable (Q: Dec. 2011 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2011 )	+	Accounts Payable (Q: Dec. 2011 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2011 )	*	Days in Period
=	( (0.465	+	1.047)	/	2 )	/	0.293	*	365 / 4
=	0.756					/	0.293	*	365 / 4
=	235.44

Glen Rose Petroleum Days Payable Related Terms

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