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Laredo Oil (Laredo Oil) Days Payable : 0.00 (As of Feb. 2024)


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What is Laredo Oil Days Payable?

Laredo Oil's average Accounts Payable for the three months ended in Feb. 2024 was $2.05 Mil. Laredo Oil's Cost of Goods Sold for the three months ended in Feb. 2024 was $0.00 Mil.

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

During the past 13 years, Laredo Oil's highest Days Payable was 214.26. The lowest was 0.46. And the median was 1.28.

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

Laredo Oil's Days Payable stayed the same from Feb. 2023 (0.00) to Feb. 2024 (0.00). stayed the same

Laredo Oil Days Payable Historical Data

The historical data trend for Laredo Oil'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.

Laredo Oil Days Payable Chart

Laredo Oil Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.46 0.76 11.04 214.26 -

Laredo Oil Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Laredo Oil's Days Payable

For the Oil & Gas E&P subindustry, Laredo Oil'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.

Laredo Oil's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Laredo Oil's Days Payable falls into.


Laredo Oil 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.

Laredo Oil's Days Payable for the fiscal year that ended in May. 2023 is calculated as

Days Payable (A: May. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: May. 2022 ) + Accounts Payable (A: May. 2023 )) / count ) / Cost of Goods Sold (A: May. 2023 )*Days in Period
=( (1.243 + 2.198) / 2 ) / 0*365
=1.7205 / 0*365
=N/A

Laredo Oil's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

Days Payable (Q: Feb. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Nov. 2023 ) + Accounts Payable (Q: Feb. 2024 )) / count ) / Cost of Goods Sold (Q: Feb. 2024 )*Days in Period
=( (2.054 + 2.042) / 2 ) / 0*365 / 4
=2.048 / 0*365 / 4
=N/A

* 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.

Laredo Oil Days Payable Related Terms

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Laredo Oil (Laredo Oil) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Laredo Oil Inc (OTCPK:LRDC) » Definitions » Days Payable
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Traded in Other Exchanges
N/A
Address
2021 Guadalupe Street, Suite 260, Austin, TX, USA, 78705
Website
https://www.laredo-oil.com
Laredo Oil Inc is an oil exploration and production company. It is engaged in managing the acquisition and conventional operation of mature oil fields and the further recovery of stranded oil from those fields using enhanced oil recovery (EOR) methods. The company focuses on EOR applications in depleted and mature oil fields.