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Devon Energy Corp (NYSE:DVN)
Days Payable
28.35 (As of Jun. 2016)

Devon Energy Corp's payable for the three months ended in Jun. 2016 was $545 Mil. Devon Energy Corp's cost of goods sold for the three months ended in Jun. 2016 was $1,754 Mil. Hence, Devon Energy Corp's days payable for the three months ended in Jun. 2016 was 28.35.

DVN' s Days Payable Range Over the Past 10 Years
Min: 18.64   Max: 169.95
Current: 18.64

18.64
169.95

During the past 13 years, Devon Energy Corp's highest Days Payable was 169.95. The lowest was 18.64. And the median was 156.23.

DVN's Days Payable is ranked lower than
81% of the 242 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 69.97 vs. DVN: 18.64 )

Devon Energy Corp's days payable declined from Jun. 2015 (38.95) to Jun. 2016 (28.35). It may suggest that Devon Energy Corp 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.

Devon Energy Corp's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=906/8524*365
=38.80

Devon Energy Corp's Days Payable for the quarter that ended in Jun. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=545/1754*365 / 4
=28.35

* 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.

Devon Energy Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 158.29162.49169.95154.16169.08150.52159.52117.4055.8738.80

Devon Energy Corp Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysPayable 75.81239.73210.0017.3061.1538.95168.1911.9838.6828.35
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