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GuruFocus has detected 10 Warning Signs with CenterPoint Energy Inc $CNP.
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CenterPoint Energy Inc (NYSE:CNP)
Days Payable
64.12 (As of Dec. 2016)

CenterPoint Energy Inc's payable for the three months ended in Dec. 2016 was $657 Mil. CenterPoint Energy Inc's cost of goods sold for the three months ended in Dec. 2016 was $935 Mil. Hence, CenterPoint Energy Inc's days payable for the three months ended in Dec. 2016 was 64.12.

CNP' s Days Payable Range Over the Past 10 Years
Min: 43.85   Max: 80.85
Current: 80.85

43.85
80.85

During the past 13 years, CenterPoint Energy Inc's highest Days Payable was 80.85. The lowest was 43.85. And the median was 53.67.

CNP's Days Payable is ranked higher than
54% of the 395 Companies
in the Global Utilities - Regulated Gas industry.

( Industry Median: 76.25 vs. CNP: 80.85 )

CenterPoint Energy Inc's days payable increased from Dec. 2015 (63.69) to Dec. 2016 (64.12). It may suggest that CenterPoint Energy Inc delayed 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. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=657/2966*365
=80.85

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=657/935*365 / 4
=64.12

* 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

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 44.2043.8554.1153.2350.4171.2764.3553.1156.8380.85

CenterPoint Energy Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 57.3250.4132.0863.3163.5563.6940.4874.8856.3864.12
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