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Statoil ASA (FRA:DNQA)
Days Payable
22.23 (As of Dec. 2014)

Statoil ASA's payable for the three months ended in Dec. 2014 was €2,429 Mil. Statoil ASA's cost of goods sold for the three months ended in Dec. 2014 was €9,974 Mil. Hence, Statoil ASA's days payable for the three months ended in Dec. 2014 was 22.23.

Statoil ASA's days payable declined from Dec. 2013 (29.48) to Dec. 2014 (22.23). It may suggest that Statoil ASA 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.

Statoil ASA's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2429.4783708/41702.3305667*365
=21.26

Statoil ASA's Days Payable for the quarter that ended in Dec. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2429.4783708/9974.23459572*365 / 4
=22.23

* 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.

Statoil ASA Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 51.0757.8129.2555.4024.3826.9129.8722.2127.1121.26

Statoil ASA Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
DaysPayable 0.0025.970.000.000.0029.480.000.000.0022.23
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