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Helmerich & Payne Inc (NYSE:HP)
Days Payable
13.32 (As of Jun. 2014)

Helmerich & Payne Inc's payable for the three months ended in Jun. 2014 was $139 Mil. Helmerich & Payne Inc's revenue for the three months ended in Jun. 2014 was $952 Mil. Hence, Helmerich & Payne Inc's days payable for the three months ended in Jun. 2014 was 13.32.

Helmerich & Payne Inc's days payable declined from Jun. 2013 (14.53) to Jun. 2014 (13.32). It may suggest that Helmerich & Payne Inc 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.

Helmerich & Payne Inc's Days Payable for the fiscal year that ended in Sep. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=182.707/3387.614*365
=19.69

Helmerich & Payne Inc's Days Payable for the quarter that ended in Jun. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=139.396/952.087*91
=13.32

* 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.

Helmerich & Payne Inc Annual Data

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
DaysPayable 17.3620.4541.3527.9027.5713.5324.4214.9022.7719.69

Helmerich & Payne Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
DaysPayable 11.589.8621.5711.5910.2714.5319.2313.3513.7813.32
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