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Helmerich & Payne Inc (NYSE:HP)
Days Payable
40.61 (As of Sep. 2016)

Helmerich & Payne Inc's payable for the three months ended in Sep. 2016 was $95 Mil. Helmerich & Payne Inc's cost of goods sold for the three months ended in Sep. 2016 was $214 Mil. Hence, Helmerich & Payne Inc's days payable for the three months ended in Sep. 2016 was 40.61.

HP' s Days Payable Range Over the Past 10 Years
Min: 23.18   Max: 52.73
Current: 38.75

23.18
52.73

During the past 13 years, Helmerich & Payne Inc's highest Days Payable was 52.73. The lowest was 23.18. And the median was 30.78.

HP's Days Payable is ranked lower than
60% of the 40 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 40.38 vs. HP: 38.75 )

Helmerich & Payne Inc's days payable increased from Sep. 2015 (30.25) to Sep. 2016 (40.61). It may suggest that Helmerich & Payne Inc 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.

Helmerich & Payne Inc's Days Payable for the fiscal year that ended in Sep. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=95.422/898.805*365
=38.75

Helmerich & Payne Inc's Days Payable for the quarter that ended in Sep. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=95.422/214.404*365 / 4
=40.61

* 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.

Helmerich & Payne Inc Annual Data

Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
DaysPayable 52.7351.6826.3427.4226.4633.2428.4433.1123.1838.75

Helmerich & Payne Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysPayable 24.6930.9227.4633.6733.4830.2531.8137.6545.4440.61
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