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McMoRan Exploration Co. (NYSE:MMR)
Days Payable
99.22 (As of Mar. 2013)

McMoRan Exploration Co.'s payable for the three months ended in Mar. 2013 was $88.8 Mil. McMoRan Exploration Co.'s revenue for the three months ended in Mar. 2013 was $81.4 Mil. Hence, McMoRan Exploration Co.'s days payable for the three months ended in Mar. 2013 was 99.22.

McMoRan Exploration Co.'s days payable declined from Mar. 2012 (101.47) to Mar. 2013 (99.22). It may suggest that McMoRan Exploration Co. 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.

McMoRan Exploration Co.'s Days Payable for the fiscal year that ended in Dec. 2012 is calculated as

Days Payable=Payable/Revenue*Days in Period
=83.937/376.888*365
=81.29

McMoRan Exploration Co.'s Days Payable for the quarter that ended in Mar. 2013 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=88.8/81.446*91
=99.22

* 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.

McMoRan Exploration Co. Annual Data

Dec03Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12
DaysPayable 121.07413.15177.83148.8074.2026.2155.7886.2676.1281.29

McMoRan Exploration Co. Quarterly Data

Dec10Mar11Jun11Sep11Dec11Mar12Jun12Sep12Dec12Mar13
DaysPayable 94.3657.1262.1076.6586.46101.4796.3188.8890.7599.22
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