PrairieSky Royalty (TSX:PSK) Days Payable : 5.28 (As of Mar. 2024)

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What is PrairieSky Royalty Days Payable?

PrairieSky Royalty's average Accounts Payable for the three months ended in Mar. 2024 was C$2.3 Mil. PrairieSky Royalty's Cost of Goods Sold for the three months ended in Mar. 2024 was C$38.9 Mil. Hence, PrairieSky Royalty's Days Payable for the three months ended in Mar. 2024 was 5.28.

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

TSX:PSK' s Days Payable Range Over the Past 10 Years
Min: 3.43 Med: 5.21 Max: 10.45
Current: 4.94

During the past 11 years, PrairieSky Royalty's highest Days Payable was 10.45. The lowest was 3.43. And the median was 5.21.

TSX:PSK's Days Payable is ranked worse than
97.44% of 899 companies
in the Oil & Gas industry
Industry Median: 61.11 vs TSX:PSK: 4.94

PrairieSky Royalty's Days Payable declined from Mar. 2023 (6.12) to Mar. 2024 (5.28). It may suggest that PrairieSky Royalty accelerated paying its suppliers.

PrairieSky Royalty Days Payable Historical Data

The historical data trend for PrairieSky Royalty'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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PrairieSky Royalty Days Payable Chart

PrairieSky Royalty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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3.43

4.95

6.41

5.99

6.80

PrairieSky Royalty 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															6.12	5.07	4.57	5.16	5.28

Competitive Comparison of PrairieSky Royalty's Days Payable

For the Oil & Gas E&P subindustry, PrairieSky Royalty'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.

PrairieSky Royalty's Days Payable Distribution in the Oil & Gas Industry

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

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

PrairieSky Royalty 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.

PrairieSky Royalty'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
=	( (2.9	+	2.6)	/	2 )	/	147.7	*	365
=	2.75					/	147.7	*	365
=	6.80

PrairieSky Royalty'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
=	( (2.6	+	1.9)	/	2 )	/	38.9	*	365 / 4
=	2.25					/	38.9	*	365 / 4
=	5.28

PrairieSky Royalty Days Payable Related Terms

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PrairieSky Royalty (TSX:PSK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PrairieSky Royalty Ltd (TSX:PSK) » Definitions » Days Payable

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Traded in Other Exchanges

PREKF:USA 7PS:Germany

Address

350 - 7th Avenue S.W., Suite 1700, Calgary, AB, CAN, T2P 3N9

Website

https://www.prairiesky.com

PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas. Property arrangements can be contracted as lease issuances, farmouts, drilling commitments, or seismic option agreements.

Executives

Leanne M. Bellegarde

Director