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Hess Corp (NYSE:HES)
Days Payable
63.03 (As of Jun. 2016)

Hess Corp's payable for the three months ended in Jun. 2016 was $525 Mil. Hess Corp's cost of goods sold for the three months ended in Jun. 2016 was $760 Mil. Hence, Hess Corp's days payable for the three months ended in Jun. 2016 was 63.03.

HES' s Days Payable Range Over the Past 10 Years
Min: 37.06   Max: 101.02
Current: 60.85

37.06
101.02

During the past 13 years, Hess Corp's highest Days Payable was 101.02. The lowest was 37.06. And the median was 62.88.

HES's Days Payable is ranked lower than
55% of the 232 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 73.48 vs. HES: 60.85 )

Hess Corp's days payable increased from Jun. 2015 (62.18) to Jun. 2016 (63.03). It may suggest that Hess Corp 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.

Hess Corp'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
=708/4028*365
=64.16

Hess 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
=525/760*365 / 4
=63.03

* 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.

Hess Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 82.8484.9458.5767.7161.5946.5237.0655.5664.1648.08

Hess Corp Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysPayable 52.8592.77142.93165.2357.0662.1854.8748.9549.0363.03
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