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Magellan Midstream Partners LP (NYSE:MMP)
Days Payable
145.43 (As of Sep. 2016)

Magellan Midstream Partners LP's payable for the three months ended in Sep. 2016 was $101 Mil. Magellan Midstream Partners LP's cost of goods sold for the three months ended in Sep. 2016 was $254 Mil. Hence, Magellan Midstream Partners LP's days payable for the three months ended in Sep. 2016 was 36.36.

MMP' s Days Payable Range Over the Past 10 Years
Min: 15.9   Max: 41.48
Current: 37.59

15.9
41.48

During the past 13 years, Magellan Midstream Partners LP's highest Days Payable was 41.48. The lowest was 15.90. And the median was 26.87.

MMP's Days Payable is ranked lower than
55% of the 78 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 39.77 vs. MMP: 37.59 )

Magellan Midstream Partners LP's days payable declined from Sep. 2015 (194.06) to Sep. 2016 (145.43). It may suggest that Magellan Midstream Partners LP 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.

Magellan Midstream Partners LP'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
=104.094/973.175*365
=39.04

Magellan Midstream Partners LP's Days Payable for the quarter that ended in Sep. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=101.012/253.528*365 / 4
=36.36

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Magellan Midstream Partners LP Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 28.5821.6820.8425.1515.9023.9341.4828.6032.3639.04

Magellan Midstream Partners LP Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysPayable 112.40137.9296.87136.78147.66194.06145.80158.53188.14145.43
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