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GuruFocus has detected 3 Warning Signs with Cenovus Energy Inc $CVE.
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Cenovus Energy Inc (NYSE:CVE)
Days Payable
3.08 (As of Dec. 2016)

Cenovus Energy Inc's payable for the three months ended in Dec. 2016 was $79 Mil. Cenovus Energy Inc's cost of goods sold for the three months ended in Dec. 2016 was $2,332 Mil. Hence, Cenovus Energy Inc's days payable for the three months ended in Dec. 2016 was 3.08.

CVE' s Days Payable Range Over the Past 10 Years
Min: 1.16   Max: 24.2
Current: 3.57

1.16
24.2

During the past 9 years, Cenovus Energy Inc's highest Days Payable was 24.20. The lowest was 1.16. And the median was 3.06.

CVE's Days Payable is ranked lower than
100% of the 47 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 52.54 vs. CVE: 3.57 )

Cenovus Energy Inc's days payable increased from Dec. 2015 (2.19) to Dec. 2016 (3.08). It may suggest that Cenovus 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.

Cenovus 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
=78.7165454682/8038.08381438*365
=3.57

Cenovus 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
=78.7165454682/2332.25879001*365 / 4
=3.08

* 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.

Cenovus Energy Inc Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 0.000.000.000.0024.2018.802.541.162.173.57

Cenovus Energy Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 0.001.180.000.000.002.190.000.000.003.08
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