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Newfield Exploration Co (NYSE:NFX)
Days Payable
21.88 (As of Dec. 2015)

Newfield Exploration Co's payable for the three months ended in Dec. 2015 was $41 Mil. Newfield Exploration Co's cost of goods sold for the three months ended in Dec. 2015 was $171 Mil. Hence, Newfield Exploration Co's days payable for the three months ended in Dec. 2015 was 21.88.

NFX' s Days Payable Range Over the Past 10 Years
Min: 19.6   Max: 186.97
Current: 27.56

19.6
186.97

During the past 13 years, Newfield Exploration Co's highest Days Payable was 186.97. The lowest was 19.60. And the median was 60.98.

NFX's Days Payable is ranked lower than
80% of the 253 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 83.92 vs. NFX: 27.56 )

Newfield Exploration Co's days payable increased from Dec. 2014 (12.02) to Dec. 2015 (21.88). It may suggest that Newfield Exploration Co 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.

Newfield Exploration 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
=41/543*365
=27.56

Newfield Exploration Co's Days Payable for the quarter that ended in Dec. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=41/171*365 / 4
=21.88

* 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.

Newfield Exploration Co Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 0.000.000.000.000.00176.5060.98186.9719.6027.56

Newfield Exploration Co Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
DaysPayable 64.54164.7848.5039.7847.4512.0245.6367.1646.0021.88
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