Hess (HES) Days Payable

: 34.56 (As of Dec. 2023)

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Hess's average Accounts Payable for the three months ended in Dec. 2023 was $414 Mil. Hess's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,093 Mil. Hence, Hess's Days Payable for the three months ended in Dec. 2023 was 34.56.

The historical rank and industry rank for Hess's Days Payable or its related term are showing as below:

HES' s Days Payable Range Over the Past 10 Years
Min: 25.85 Med: 31.85 Max: 70.89
Current: 32.67

During the past 13 years, Hess's highest Days Payable was 70.89. The lowest was 25.85. And the median was 31.85.

HES's Days Payable is ranked worse than
73.22% of 900 companies
in the Oil & Gas industry
Industry Median: 59.865 vs HES: 32.67

Hess's Days Payable increased from Dec. 2022 (29.29) to Dec. 2023 (34.56). It may suggest that Hess delayed paying its suppliers.

Hess Days Payable Historical Data

The historical data trend for Hess's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hess Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

46.67

32.64

26.17

27.03

31.05

Hess Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																29.29	31.16	31.76	34.47	34.56

Competitive Comparison

For the Oil & Gas E&P subindustry, Hess's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hess Days Payable Distribution

For the Oil & Gas industry and Energy sector, Hess's Days Payable distribution charts can be found below:

* The bar in red indicates where Hess's Days Payable falls into.

Hess Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Hess's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (285	+	402)	/	2 )	/	4038	*	365
=	343.5					/	4038	*	365
=	31.05

Hess's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (426	+	402)	/	2 )	/	1093	*	365 / 4
=	414					/	1093	*	365 / 4
=	34.56

Hess Days Payable Related Terms

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Hess (HES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hess Corp (NYSE:HES) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AHC:Germany AHC:Germany HES:Austria

Address

1185 Avenue of the Americas, New York, NY, USA, 10036

Website

https://www.hess.com

Hess is an independent oil and gas producer with key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia. At the end of 2022, the company reported net proved reserves of 1.3 billion barrels of oil equivalent. Net production averaged 344 thousand barrels of oil equivalent per day in 2022, at a ratio of 72% oil and natural gas liquids and 28% natural gas.

Executives

Barbara J Lowery-yilmaz	officer: Senior Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Andrew P Slentz	officer: Senior Vice President	1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Gregory P. Hill	officer: Executive Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John P Rielly	officer: Senior Vice President	1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Richard D. Lynch	officer: Senior Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Timothy B. Goodell	director, officer: Executive Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Geurt G Schoonman	officer: Senior Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John B Hess	director, 10 percent owner, officer: Chairman of the Board and CEO	C/O HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Lisa Glatch	director	EVOQUA WATER TECHNOLOGIES CORP., 210 SIXTH AVENUE, PITTSBURGH PA 15222
Raymond J Mcguire	director	5 GIRALDA FARMS, MADISON NJ 07940
Marc S Lipschultz	director	C/O BLUE OWL CAPITAL INC., 399 PARK AVENUE, 37TH FLOOR, NEW YORK NY 10022
Karyn F. Ovelmen	director	STATIONSPLEIN 45, ROTTERDAM P7 3013AK
Michael R Turner	officer: Senior Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Terrence J. Checki	director	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Edith E Holiday	director	FRANKLIN RESOURCES INC, 901 MARINERS ISLAND BLVD 6TH FL, SAN MATEO CA 94404