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Matador Resources Co (NYSE:MTDR)
Days Payable
23.13 (As of Mar. 2016)

Matador Resources Co's payable for the three months ended in Mar. 2016 was $5.9 Mil. Matador Resources Co's cost of goods sold for the three months ended in Mar. 2016 was $23.4 Mil. Hence, Matador Resources Co's days payable for the three months ended in Mar. 2016 was 23.13.

MTDR' s Days Payable Range Over the Past 10 Years
Min: 42.7   Max: 611.2
Current: 22.31

42.7
611.2

During the past 7 years, Matador Resources Co's highest Days Payable was 611.20. The lowest was 42.70. And the median was 155.05.

MTDR's Days Payable is ranked lower than
80% of the 260 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 75.15 vs. MTDR: 22.31 )

Matador Resources Co's days payable declined from Mar. 2015 (279.16) to Mar. 2016 (23.13). It may suggest that Matador Resources 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.

Matador Resources Co'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
=10.966/93.728*365
=42.70

Matador Resources Co's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=5.93/23.391*365 / 4
=23.13

* 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.

Matador Resources Co Annual Data

Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 0.000.000.00128.90611.20508.58257.52155.0575.6842.70

Matador Resources Co Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 154.4937.6081.2663.0761.42279.1652.2860.3641.3223.13
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