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CenterPoint Energy Inc (NYSE:CNP)
Days Payable
56.38 (As of Sep. 2016)

CenterPoint Energy Inc's payable for the three months ended in Sep. 2016 was $422 Mil. CenterPoint Energy Inc's cost of goods sold for the three months ended in Sep. 2016 was $683 Mil. Hence, CenterPoint Energy Inc's days payable for the three months ended in Sep. 2016 was 56.38.

CNP' s Days Payable Range Over the Past 10 Years
Min: 43.85   Max: 71.27
Current: 56.57

43.85
71.27

During the past 13 years, CenterPoint Energy Inc's highest Days Payable was 71.27. The lowest was 43.85. And the median was 53.67.

CNP's Days Payable is ranked lower than
57% of the 410 Companies
in the Global Utilities - Regulated Gas industry.

( Industry Median: 68.67 vs. CNP: 56.57 )

CenterPoint Energy Inc's days payable declined from Sep. 2015 (63.55) to Sep. 2016 (56.38). It may suggest that CenterPoint Energy Inc accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

CenterPoint Energy Inc's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=716/4921*365
=53.11

CenterPoint Energy Inc's Days Payable for the quarter that ended in Sep. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=422/683*365 / 4
=56.38

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

CenterPoint Energy Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 62.3944.2043.8554.1153.2350.4171.2764.3553.1156.83

CenterPoint Energy Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysPayable 53.8257.3250.4132.0863.3163.5563.6940.4874.8856.38
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