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NGL Energy Partners LP (NYSE:NGL)
Days Payable
17.26 (As of Sep. 2015)

NGL Energy Partners LP's payable for the three months ended in Sep. 2015 was $569 Mil. NGL Energy Partners LP's cost of goods sold for the three months ended in Sep. 2015 was $3,006 Mil. Hence, NGL Energy Partners LP's days payable for the three months ended in Sep. 2015 was 17.26.

NGL' s Days Payable Range Over the Past 10 Years
Min: 16.02   Max: 48.44
Current: 15.29

16.02
48.44

During the past 7 years, NGL Energy Partners LP's highest Days Payable was 48.44. The lowest was 16.02. And the median was 21.73.

NGL's Days Payable is ranked lower than
77% of the 113 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 28.20 vs. NGL: 15.29 )

NGL Energy Partners LP's days payable declined from Sep. 2014 (23.70) to Sep. 2015 (17.26). It may suggest that NGL Energy Partners LP 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.

NGL Energy Partners LP's Days Payable for the fiscal year that ended in Mar. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=833.38/15958.207*365
=19.06

NGL Energy Partners LP's Days Payable for the quarter that ended in Sep. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=568.523/3005.826*365 / 4
=17.26

* 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.

NGL Energy Partners LP Annual Data

Mar09Mar10Mar11Mar12Mar13Mar14Mar15
DaysPayable 0.000.000.0016.0217.170.0024.4048.4428.7519.06

NGL Energy Partners LP Quarterly Data

Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15
DaysPayable 40.0137.0240.8317.4320.9223.7032.4825.9320.7417.26
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