Suncor Energy (Suncor Energy) Days Payable : 74.41 (As of Dec. 2023)

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What is Suncor Energy Days Payable?

Suncor Energy's average Accounts Payable for the three months ended in Dec. 2023 was $6,056 Mil. Suncor Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $7,426 Mil. Hence, Suncor Energy's Days Payable for the three months ended in Dec. 2023 was 74.41.

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

SU' s Days Payable Range Over the Past 10 Years
Min: 74.3 Med: 96.65 Max: 117.21
Current: 94.63

During the past 13 years, Suncor Energy's highest Days Payable was 117.21. The lowest was 74.30. And the median was 96.65.

SU's Days Payable is ranked better than
65.22% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs SU: 94.63

Suncor Energy's Days Payable declined from Dec. 2022 (90.65) to Dec. 2023 (74.41). It may suggest that Suncor Energy accelerated paying its suppliers.

Suncor Energy Days Payable Historical Data

The historical data trend for Suncor Energy'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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Suncor Energy Days Payable Chart

Suncor Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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86.44

101.80

86.58

76.32

95.20

Suncor Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															90.65	119.06	104.42	90.38	74.41

Competitive Comparison of Suncor Energy's Days Payable

For the Oil & Gas Integrated subindustry, Suncor Energy'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.

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

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

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

Suncor Energy 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.

Suncor Energy'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
=	( (6011.778	+	5762.522)	/	2 )	/	22571.556	*	365
=	5887.15					/	22571.556	*	365
=	95.20

Suncor Energy'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
=	( (6349.124	+	5762.522)	/	2 )	/	7426.208	*	365 / 4
=	6055.823					/	7426.208	*	365 / 4
=	74.41

Suncor Energy Days Payable Related Terms

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Suncor Energy (Suncor Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Suncor Energy Inc (NYSE:SU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SUU:Mexico SM3:Germany SU:Canada

Address

150 - 6th Avenue S.W., P.O. Box 2844, Calgary, AB, CAN, T2P 3E3

Website

https://www.suncor.com

Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company's Petro-Canada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.