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GuruFocus has detected 5 Warning Signs with Magellan Midstream Partners LP $MMP.
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Magellan Midstream Partners LP (NYSE:MMP)
Accounts Payable
{IF BankInsurance_zone 1}
$268 Mil (As of )Sep. 2016)
{IF AP_Q_zone 1}{ELSE} {/IF}

Magellan Midstream Partners LPs quarterly accounts payable increased from Mar. 2016 ($248 Mil) to Jun. 2016 ($248 Mil) but then declined from Jun. 2016 ($285 Mil) to Sep. 2016 ($268 Mil)

Magellan Midstream Partners LPs quarterly accounts payable increased from Dec. 2013 ($265 Mil) to Dec. 2014 ($265 Mil) and increased from Dec. 2014 ($284 Mil) to Dec. 2015 ($290 Mil)


Definition

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.


Historical Data

{data_exp}

Magellan Midstream Partners LP Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Accts Payable 1471211701962242922652842900
{IF COMPANY->report_frequency 3M}

{COMPANY->company} Quarterly Data

{ELSE}

{COMPANY->company} Semi-Annual Data

{/IF}
Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Accts Payable 2702842492502922902482852680
{ELSE}

Accounts Payable does not apply to insurance companies.

{/IF}
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