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Key Energy Services Inc (NYSE:KEG)
Days Payable
15.87 (As of Dec. 2015)

Key Energy Services Inc's payable for the three months ended in Dec. 2015 was $30.7 Mil. Key Energy Services Inc's cost of goods sold for the three months ended in Dec. 2015 was $176.8 Mil. Hence, Key Energy Services Inc's days payable for the three months ended in Dec. 2015 was 15.87.

KEG' s Days Payable Range Over the Past 10 Years
Min: 5.95   Max: 29.02
Current: 15.7

5.95
29.02

During the past 13 years, Key Energy Services Inc's highest Days Payable was 29.02. The lowest was 5.95. And the median was 20.43.

KEG's Days Payable is ranked lower than
90% of the 178 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 42.85 vs. KEG: 15.70 )

Key Energy Services Inc's days payable declined from Dec. 2014 (26.60) to Dec. 2015 (15.87). It may suggest that Key Energy Services 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.

Key Energy Services Inc's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=30.74/714.637*365
=15.70

Key Energy Services Inc's Days Payable for the quarter that ended in Dec. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=30.74/176.761*365 / 4
=15.87

* 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.

Key Energy Services Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 5.9513.0213.4821.5824.6121.8729.0219.2726.7415.70

Key Energy Services Inc Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
DaysPayable 20.9320.6622.8522.8020.5026.6025.3925.6018.8915.87
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