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GuruFocus has detected 3 Warning Signs with Hess Corp $HES.
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Hess Corp (NYSE:HES)
Days Payable
40.73 (As of Dec. 2016)

Hess Corp's payable for the three months ended in Dec. 2016 was $433 Mil. Hess Corp's cost of goods sold for the three months ended in Dec. 2016 was $970 Mil. Hence, Hess Corp's days payable for the three months ended in Dec. 2016 was 40.73.

HES' s Days Payable Range Over the Past 10 Years
Min: 48.08   Max: 250.99
Current: 51.92

48.08
250.99

During the past 13 years, Hess Corp's highest Days Payable was 250.99. The lowest was 48.08. And the median was 65.94.

HES's Days Payable is ranked lower than
65% of the 238 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 88.02 vs. HES: 51.92 )

Hess Corp's days payable declined from Dec. 2015 (48.95) to Dec. 2016 (40.73). It may suggest that Hess 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.

Hess 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
=433/3044*365
=51.92

Hess 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
=433/970*365 / 4
=40.73

* 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.

Hess Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 84.9458.5767.7161.59105.19250.99177.3364.1648.0851.92

Hess Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 155.7560.9575.7862.1854.8748.9549.0363.0362.3840.73
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