Key Energy Services (Key Energy Services) Days Payable

: 19.08 (As of Sep. 2020)

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Key Energy Services's average Accounts Payable for the three months ended in Sep. 2020 was $8.5 Mil. Key Energy Services's Cost of Goods Sold for the three months ended in Sep. 2020 was $40.7 Mil. Hence, Key Energy Services's Days Payable for the three months ended in Sep. 2020 was 19.08.

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

KEGX's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 59.865
* Ranked among companies with meaningful Days Payable only.

Key Energy Services's Days Payable increased from Sep. 2019 (14.49) to Sep. 2020 (19.08). It may suggest that Key Energy Services delayed paying its suppliers.

Key Energy Services Days Payable Historical Data

The historical data trend for Key Energy Services'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.

Key Energy Services Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Payable

22.10

15.18

10.53

10.18

10.42

Key Energy Services Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Days Payable																14.49	15.32	13.27	25.07	19.08

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, Key Energy Services'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.

Key Energy Services Days Payable Distribution

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

* The bar in red indicates where Key Energy Services's Days Payable falls into.

Key Energy Services 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.

Key Energy Services's Days Payable for the fiscal year that ended in Dec. 2019 is calculated as

	Days Payable (A: Dec. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2018 )	+	Accounts Payable (A: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2019 )	*	Days in Period
=	( (13.587	+	8.7)	/	2 )	/	390.431	*	365
=	11.1435					/	390.431	*	365
=	10.42

Key Energy Services's Days Payable for the quarter that ended in Sep. 2020 is calculated as:

	Days Payable (Q: Sep. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2020 )	+	Accounts Payable (Q: Sep. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
=	( (8.641	+	8.361)	/	2 )	/	40.663	*	365 / 4
=	8.501					/	40.663	*	365 / 4
=	19.08

Key Energy Services Days Payable Related Terms

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Key Energy Services (Key Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Key Energy Services Inc (OTCPK:KEGX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1301 McKinney Street, Suite 1800, Houston, TX, USA, 77010

Website

https://www.keyenergy.com

Key Energy Services Inc is an onshore, rig-based well-servicing contractor. It provides a full range of well-services to oil companies, and independent oil and natural gas production companies. Its services include rig-based and coiled tubing-based well maintenance and workover services, well completion and re-completion services, fluid management services, fishing, and rental services, and other ancillary oilfield services. Its segment includes Rig Services, Fishing, and Rental Services, Coiled Tubing Services and Fluid Management Services within the United States. The company derives the maximum revenue from the Rig Services segment.

Executives

Louis Coale	officer: VP and Controller	41 ROLLING LINKS SPRING TX 77386
Nelson Haight	officer: Chief Financial Officer	4400 POST OAK PARKWAY, SUITE 1900, HOUSTON TX 77027
Marcus C Rowland	director	920 MEMORIAL CITY WAY, SUITE 850, HOUSTON TX 77024
Alan B. Menkes	director	1160 DAIRY ASHFORD RD, STE 160, HOUSTON TX 77079
Katherine Hargis	officer: VP, CLO and Secretary	1301 MCKINNEY STREET SUITE 1800 HOUSTON TX 77010
Sherman Iii Edmiston	director	ONE CITYPLACE DRIVE, SUITE 300, ONE CITYPLACE DRIVE, SUITE 300, ST. LOUIS MO 63141
Wommack H H Iii	director	SOUTHWEST ROYALTIES INC, 407 N BIG SPRING STREET SUITE 300, MIDLAND TX 79701
Jacob Kotzubei	director	360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210
J Marshall Dodson	officer: President, CEO, Interim CFO	C/O KEY ENERGY SERVICES, INC. 1301 MCKINNEY STREET, SUITE 1800 HOUSTON TX 77010
Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Blackrock Inc.	10 percent owner	50 HUDSON YARDS, NEW YORK NY 10001
Bluemountain Capital Management, Llc	10 percent owner	280 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10017
Bluemountain Gp Holdings, Llc	10 percent owner	280 PARK AVENUE,, 12TH FLOOR, NEW YORK NY 10017
Blue Mountain Credit Alternatives Master Fund L.p.	10 percent owner	C/O BLUEMOUNTAIN CAPITAL MANAGEMENT, LLC, 280 PARK AVENUE, 5TH FLOOR EAST, NEW YORK NY 10017