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Cenovus Energy, Inc. (NYSE:CVE)
Days Payable
16.87 (As of Dec. 2013)

Cenovus Energy, Inc.'s payable for the three months ended in Dec. 2013 was $818 Mil. Cenovus Energy, Inc.'s revenue for the three months ended in Dec. 2013 was $4,412 Mil. Hence, Cenovus Energy, Inc.'s days payable for the three months ended in Dec. 2013 was 16.87.

Cenovus Energy, Inc.'s days payable declined from Dec. 2012 (19.99) to Dec. 2013 (16.87). It may suggest that Cenovus 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.

Cenovus Energy, Inc.'s Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=818.098720293/17361.0603291*365
=17.20

Cenovus Energy, Inc.'s Days Payable for the quarter that ended in Dec. 2013 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=818.098720293/4412.24862888*91
=16.87

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Cenovus Energy, Inc. Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 0.000.000.000.0012.3410.7813.8621.4917.6917.20

Cenovus Energy, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
DaysPayable 14.5319.3611.3211.9912.4419.9914.0313.6511.8816.87
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