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GuruFocus has detected 2 Warning Signs with Encana Corp $ECA.
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Encana Corp (NYSE:ECA)
Days Payable
36.44 (As of Dec. 2016)

Encana Corp's payable for the three months ended in Dec. 2016 was $240 Mil. Encana Corp's cost of goods sold for the three months ended in Dec. 2016 was $601 Mil. Hence, Encana Corp's days payable for the three months ended in Dec. 2016 was 36.44.

ECA' s Days Payable Range Over the Past 10 Years
Min: 33.24   Max: 73.08
Current: 40.68

33.24
73.08

During the past 13 years, Encana Corp's highest Days Payable was 73.08. The lowest was 33.24. And the median was 40.34.

ECA's Days Payable is ranked lower than
71% of the 238 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 88.02 vs. ECA: 40.68 )

Encana Corp's days payable declined from Dec. 2015 (41.17) to Dec. 2016 (36.44). It may suggest that Encana 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.

Encana Corp'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
=240/2184*365
=40.11

Encana Corp's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=240/601*365 / 4
=36.44

* 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.

Encana Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 0.000.000.000.0073.0861.4033.2440.5637.9640.11

Encana Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 0.0039.410.000.000.0041.170.000.000.0036.44
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