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Newfield Exploration Co (NYSE:NFX)
Days Payable
40.58 (As of Sep. 2014)

Newfield Exploration Co's payable for the three months ended in Sep. 2014 was $272 Mil. Newfield Exploration Co's revenue for the three months ended in Sep. 2014 was $610 Mil. Hence, Newfield Exploration Co's days payable for the three months ended in Sep. 2014 was 40.58.

Newfield Exploration Co's days payable declined from Sep. 2013 (64.04) to Sep. 2014 (40.58). 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. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=344/1789*365
=70.18

Newfield Exploration Co's Days Payable for the quarter that ended in Sep. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=272/610*91
=40.58

* 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

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 13.4914.5032.2919.6528.8779.1156.8055.1067.2670.18

Newfield Exploration Co Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
DaysPayable 83.4674.8170.3283.3860.2564.0462.869.717.6340.58
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