Truleum (Truleum) Days Payable : 2,683.00 (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Truleum Days Payable?

Truleum's average Accounts Payable for the three months ended in Mar. 2024 was $1.06 Mil. Truleum's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.04 Mil. Hence, Truleum's Days Payable for the three months ended in Mar. 2024 was 2,683.00.

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

TRLM' s Days Payable Range Over the Past 10 Years
Min: 370.1 Med: 4684.17 Max: 61441.67
Current: 1365.75

During the past 11 years, Truleum's highest Days Payable was 61441.67. The lowest was 370.10. And the median was 4684.17.

TRLM's Days Payable is ranked better than
95.54% of 897 companies
in the Oil & Gas industry
Industry Median: 61.41 vs TRLM: 1365.75

Truleum's Days Payable increased from Mar. 2023 (426.59) to Mar. 2024 (2,683.00). It may suggest that Truleum delayed paying its suppliers.

Truleum Days Payable Historical Data

The historical data trend for Truleum'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.

Truleum Days Payable Chart

Truleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

9,542.14

61,441.67

13,744.53

370.10

765.97

Truleum Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															426.59	1,188.86	1,019.50	1,248.84	2,683.00

Competitive Comparison of Truleum's Days Payable

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

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

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

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

Truleum 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.

Truleum'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
=	( (0.663	+	1.062)	/	2 )	/	0.411	*	365
=	0.8625					/	0.411	*	365
=	765.97

Truleum's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1.062	+	1.055)	/	2 )	/	0.036	*	365 / 4
=	1.0585					/	0.036	*	365 / 4
=	2,683.00

Truleum Days Payable Related Terms

Thank you for viewing the detailed overview of Truleum's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Truleum (Truleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Truleum Inc (OTCPK:TRLM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

14143 Denver West Parkway, Suite 100, Golden, CO, USA, 80401

Website

https://truleum.com

Truleum Inc is an oil and gas company dedicated to acquiring and developing abandoned wellbores. The company utilizes advanced technologies to revitalize to become economically viable assets.

Executives

Isaac Dietrich	director	1624 MARKET STREET, SUITE 201, DENVER CO 80202
Mark Allen Timm	director	7862 N COUNTY ROAD 100 E, BAINBRIDGE IN 46105
Kelloff Oil & Gas, Llc	other: Consultant	8247 SWADLEY COURT, ARVADA CO 80005
Jay Leaver	officer: President	1410 HIGH STREET, DENVER CO 80215
Richard Mark Nummi	director	8728 WINSOME WAY, SUITE 100, LAND O'LAKES FL 34637
Lacie Kellogg	director	2818 FORTUNA DRIVE, KATY TX 77493
John F Lepin	director, officer: CFO	4162 MEYERWOOD DRIVE, HOUSTON TX 77025
Flynn Robert J. Jr.	director	10880 MURRAY DOWNS COURT, RESTON VA 20194
David Earl Anderson	director	8301 RIVERSIDE ROAD, ALEXANDRIA VA 22308
Aei Acquisition Co Llc	10 percent owner	2600 E SOUTHLAKE BLVD, STE 120-366, SOUTHLAKE TX 76092

Truleum (Truleum) Headlines

From GuruFocus

ALPHA ENERGY, INC. Prepares to Pursue Uplisting to Major Exchange.

By Marketwired Marketwired • 11-24-2020