Strathcona Resources (TSX:SCR) Days Payable : 13.81 (As of Dec. 2023)

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What is Strathcona Resources Days Payable?

Strathcona Resources's average Accounts Payable for the three months ended in Dec. 2023 was C$432 Mil. Strathcona Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was C$2,854 Mil. Hence, Strathcona Resources's Days Payable for the three months ended in Dec. 2023 was 13.81.

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

TSX:SCR' s Days Payable Range Over the Past 10 Years
Min: 62.74 Med: 90.69 Max: 97.25
Current: 62.74

During the past 2 years, Strathcona Resources's highest Days Payable was 97.25. The lowest was 62.74. And the median was 90.69.

TSX:SCR's Days Payable is ranked better than
51.28% of 899 companies
in the Oil & Gas industry
Industry Median: 61.11 vs TSX:SCR: 62.74

Strathcona Resources's Days Payable increased from . 20 (0.00) to Dec. 2023 (13.81). It may suggest that Strathcona Resources delayed paying its suppliers.

Strathcona Resources Days Payable Historical Data

The historical data trend for Strathcona Resources'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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Strathcona Resources Days Payable Chart

Strathcona Resources Annual Data

Trend

Dec22

Dec23

Days Payable

97.25

84.12

Strathcona Resources Quarterly Data
	Sep22	Dec22	Sep23	Dec23
Days Payable	-	26.38	381.89	13.81

Competitive Comparison of Strathcona Resources's Days Payable

For the Oil & Gas E&P subindustry, Strathcona Resources'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.

Strathcona Resources's Days Payable Distribution in the Oil & Gas Industry

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

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

Strathcona Resources 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.

Strathcona Resources'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
=	( (652.9	+	783.8)	/	2 )	/	3116.9	*	365
=	718.35					/	3116.9	*	365
=	84.12

Strathcona Resources'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
=	( (80.103	+	783.8)	/	2 )	/	2853.763	*	365 / 4
=	431.9515					/	2853.763	*	365 / 4
=	13.81

Strathcona Resources Days Payable Related Terms

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Strathcona Resources (TSX:SCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Strathcona Resources Ltd (TSX:SCR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

STHRF:USA YE2:Germany

Address

421 7th Avenue South west, 1900, Calgary, AB, CAN, T2P4K9

Website

https://www.strathconaresources.com

Strathcona Resources Ltd is an energy company, it is a consolidator and developer of oil and gas assets. The company focuses on thermal oil, enhanced oil recovery, and condensate-rich Montney.