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Magellan Midstream Partners LP (NYSE:MMP)
Days Payable
39.63 (As of Mar. 2016)

Magellan Midstream Partners LP's payable for the three months ended in Mar. 2016 was $103 Mil. Magellan Midstream Partners LP's cost of goods sold for the three months ended in Mar. 2016 was $237 Mil. Hence, Magellan Midstream Partners LP's days payable for the three months ended in Mar. 2016 was 39.63.

MMP' s Days Payable Range Over the Past 10 Years
Min: 15.9   Max: 41.48
Current: 38.49

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
51% of the 84 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 41.28 vs. MMP: 38.49 )

Magellan Midstream Partners LP's days payable increased from Mar. 2015 (34.20) to Mar. 2016 (39.63). It may suggest that Magellan Midstream Partners LP delayed 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 Mar. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=102.858/236.818*365 / 4
=39.63

* 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 LP Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 28.5821.6720.8225.1515.9023.9341.4830.1534.1339.04

Magellan Midstream Partners LP Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 20.9624.6728.1034.4824.2234.2038.6950.5732.8539.63
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