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Helmerich & Payne Inc (NYSE:HP)
Days Payable
33.39 (As of Jun. 2015)

Helmerich & Payne Inc's payable for the three months ended in Jun. 2015 was $129 Mil. Helmerich & Payne Inc's cost of goods sold for the three months ended in Jun. 2015 was $352 Mil. Hence, Helmerich & Payne Inc's days payable for the three months ended in Jun. 2015 was 33.39.

Helmerich & Payne Inc's days payable increased from Jun. 2014 (24.69) to Jun. 2015 (33.39). 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. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=182.031/2009.912*365
=33.06

Helmerich & Payne Inc's Days Payable for the quarter that ended in Jun. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=128.67/351.67*365 / 4
=33.39

* 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

Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14
DaysPayable 33.8176.5552.7351.6826.3427.4226.4633.2428.4433.06

Helmerich & Payne Inc Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
DaysPayable 18.7127.1427.8425.1225.7124.6930.7327.7233.5133.39
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