Triangle Energy(Global) (ASX:TEG) Days Payable : 66.33 (As of Dec. 2023)

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What is Triangle Energy(Global) Days Payable?

Triangle Energy(Global)'s average Accounts Payable for the six months ended in Dec. 2023 was A$1.62 Mil. Triangle Energy(Global)'s Cost of Goods Sold for the six months ended in Dec. 2023 was A$4.45 Mil. Hence, Triangle Energy(Global)'s Days Payable for the six months ended in Dec. 2023 was 66.33.

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

ASX:TEG' s Days Payable Range Over the Past 10 Years
Min: 4.44 Med: 21.15 Max: 428.3
Current: 91.15

During the past 13 years, Triangle Energy(Global)'s highest Days Payable was 428.30. The lowest was 4.44. And the median was 21.15.

ASX:TEG's Days Payable is ranked better than
63.37% of 901 companies
in the Oil & Gas industry
Industry Median: 61.11 vs ASX:TEG: 91.15

Triangle Energy(Global)'s Days Payable declined from Dec. 2022 (112.12) to Dec. 2023 (66.33). It may suggest that Triangle Energy(Global) accelerated paying its suppliers.

Triangle Energy(Global) Days Payable Historical Data

The historical data trend for Triangle Energy(Global)'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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Triangle Energy(Global) Days Payable Chart

Triangle Energy(Global) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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21.10

18.59

21.15

58.32

58.09

Triangle Energy(Global) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															83.21	109.70	112.12	73.91	66.33

Competitive Comparison of Triangle Energy(Global)'s Days Payable

For the Oil & Gas E&P subindustry, Triangle Energy(Global)'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.

Triangle Energy(Global)'s Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Triangle Energy(Global)'s Days Payable falls into.

Triangle Energy(Global) 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.

Triangle Energy(Global)'s Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (2.709	+	0.155)	/	2 )	/	8.997	*	365
=	1.432					/	8.997	*	365
=	58.09

Triangle Energy(Global)'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.155	+	3.077)	/	2 )	/	4.446	*	365 / 2
=	1.616					/	4.446	*	365 / 2
=	66.33

Triangle Energy(Global) Days Payable Related Terms

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Triangle Energy(Global) (ASX:TEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Triangle Energy(Global) Ltd (ASX:TEG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

626:Germany

Address

100 Havelock Street, Suite 2, Ground Floor, West Perth, Perth, WA, AUS, 6005

Website

https://www.triangleenergy.com.au

Triangle Energy(Global) Ltd is an oil and gas production and exploration company based in Perth, Western Australia. Its projects include Cliff Head Oil Field in Western Australia; Xanadu oil field in Perth Basin; State Gas Ltd and Mount Horner Project. The company's operating segment includes WA Oil Production and Australian Corporate. It generates maximum revenue from the WA Oil Production segment.

Triangle Energy(Global) (ASX:TEG) Headlines

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