Source Rock Royalties (TSXV:SRR) Days Payable : 12.73 (As of Dec. 2023)

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What is Source Rock Royalties Days Payable?

Source Rock Royalties's average Accounts Payable for the three months ended in Dec. 2023 was C$0.12 Mil. Source Rock Royalties's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.85 Mil. Hence, Source Rock Royalties's Days Payable for the three months ended in Dec. 2023 was 12.73.

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

TSXV:SRR' s Days Payable Range Over the Past 10 Years
Min: 7.97 Med: 10.27 Max: 12.63
Current: 8.3

During the past 4 years, Source Rock Royalties's highest Days Payable was 12.63. The lowest was 7.97. And the median was 10.27.

TSXV:SRR's Days Payable is ranked worse than
95% of 900 companies
in the Oil & Gas industry
Industry Median: 61.27 vs TSXV:SRR: 8.30

Source Rock Royalties's Days Payable increased from Dec. 2022 (5.57) to Dec. 2023 (12.73). It may suggest that Source Rock Royalties delayed paying its suppliers.

Source Rock Royalties Days Payable Historical Data

The historical data trend for Source Rock Royalties'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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Source Rock Royalties Days Payable Chart

Source Rock Royalties Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

8.45

12.08

12.63

7.97

Source Rock Royalties Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial								5.57	6.30	5.78	8.04	12.73

Competitive Comparison of Source Rock Royalties's Days Payable

For the Oil & Gas Midstream subindustry, Source Rock Royalties'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.

Source Rock Royalties's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Source Rock Royalties's Days Payable falls into.

Source Rock Royalties 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.

Source Rock Royalties'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
=	( (0.027	+	0.112)	/	2 )	/	3.182	*	365
=	0.0695					/	3.182	*	365
=	7.97

Source Rock Royalties'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
=	( (0.126	+	0.112)	/	2 )	/	0.853	*	365 / 4
=	0.119					/	0.853	*	365 / 4
=	12.73

Source Rock Royalties Days Payable Related Terms

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Source Rock Royalties (TSXV:SRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Source Rock Royalties Ltd (TSXV:SRR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SRRRF:USA

Address

421 - 7th Avenue S.W, 30th Floor, Calgary, AB, CAN, T2P 4K9

Website

https://www.sourcerockroyalties.com

Source Rock Royalties Ltd is a pure-play oil and gas royalty company with an existing, light oil-focused portfolio of royalty interests concentrated in southeast Saskatchewan, east-central Alberta, west-central Alberta, and west-central Saskatchewan.

Executives

Bradley Robert Docherty	Director, Senior Officer
Shaun Ashton Thiessen	Director

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