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Helmerich & Payne Inc (NYSE:HP)
Days Payable
30.71 (As of Sep. 2015)

Helmerich & Payne Inc's payable for the three months ended in Sep. 2015 was $111 Mil. Helmerich & Payne Inc's cost of goods sold for the three months ended in Sep. 2015 was $329 Mil. Hence, Helmerich & Payne Inc's days payable for the three months ended in Sep. 2015 was 30.71.

HP' s Days Payable Range Over the Past 10 Years
Min: 23.71   Max: 76.55
Current: 24.68

23.71
76.55

During the past 13 years, Helmerich & Payne Inc's highest Days Payable was 76.55. The lowest was 23.71. And the median was 30.75.

HP's Days Payable is ranked lower than
73% of the 41 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 49.68 vs. HP: 24.68 )

Helmerich & Payne Inc's days payable declined from Sep. 2014 (30.73) to Sep. 2015 (30.71). 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. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=110.704/1704.163*365
=23.71

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=110.704/328.922*365 / 4
=30.71

* 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

Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15
DaysPayable 76.5552.7351.6826.3427.4226.4633.2428.4433.0623.71

Helmerich & Payne Inc Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
DaysPayable 27.8425.1225.7124.6930.7327.4633.5133.3930.7131.81
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