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Newfield Exploration Co (NYSE:NFX)
Days Payable
46.00 (As of Sep. 2015)

Newfield Exploration Co's payable for the three months ended in Sep. 2015 was $62 Mil. Newfield Exploration Co's cost of goods sold for the three months ended in Sep. 2015 was $123 Mil. Hence, Newfield Exploration Co's days payable for the three months ended in Sep. 2015 was 46.00.

NFX' s Days Payable Range Over the Past 10 Years
Min: 53.25   Max: 217.61
Current: 44.03

53.25
217.61

During the past 13 years, Newfield Exploration Co's highest Days Payable was 217.61. The lowest was 53.25. And the median was 168.86.

NFX's Days Payable is ranked lower than
70% of the 243 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 97.04 vs. NFX: 44.03 )

Newfield Exploration Co's days payable declined from Sep. 2014 (47.45) to Sep. 2015 (46.00). It may suggest that Newfield 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.

Newfield Exploration Co's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=229/495*365
=168.86

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=62/123*365 / 4
=46.00

* 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

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 0.000.000.000.000.000.000.0053.25217.61168.86

Newfield Exploration Co Quarterly Data

Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15
DaysPayable 129.03417.8362.0748.5039.7847.45147.1645.6367.1646.00
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