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Magellan Midstream Partners, L.P. (NYSE:MMP)
Days Payable
18.11 (As of Dec. 2013)

Magellan Midstream Partners, L.P.'s payable for the three months ended in Dec. 2013 was $115 Mil. Magellan Midstream Partners, L.P.'s revenue for the three months ended in Dec. 2013 was $577 Mil. Hence, Magellan Midstream Partners, L.P.'s days payable for the three months ended in Dec. 2013 was 18.11.

Magellan Midstream Partners, L.P.'s days payable declined from Dec. 2012 (26.24) to Dec. 2013 (18.11). It may suggest that Magellan Midstream Partners, L.P. 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, L.P.'s Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=114.9/1897.606*365
=22.10

Magellan Midstream Partners, L.P.'s Days Payable for the quarter that ended in Dec. 2013 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=114.9/577.438*91
=18.11

* 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.

Magellan Midstream Partners, L.P. Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 10.9710.0619.8514.5618.1120.9916.0219.6129.8822.10

Magellan Midstream Partners, L.P. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
DaysPayable 20.1017.5612.9818.6436.3226.2429.2022.9624.9318.11
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