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NGL Energy Partners LP (NYSE:NGL)
Days Payable
15.96 (As of Sep. 2016)

NGL Energy Partners LP's payable for the three months ended in Sep. 2016 was $512 Mil. NGL Energy Partners LP's cost of goods sold for the three months ended in Sep. 2016 was $2,929 Mil. Hence, NGL Energy Partners LP's days payable for the three months ended in Sep. 2016 was 15.96.

NGL' s Days Payable Range Over the Past 10 Years
Min: 14.15   Max: 48.44
Current: 18.68

14.15
48.44

During the past 8 years, NGL Energy Partners LP's highest Days Payable was 48.44. The lowest was 14.15. And the median was 19.05.

NGL's Days Payable is ranked lower than
70% of the 105 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 29.05 vs. NGL: 18.68 )

NGL Energy Partners LP's days payable declined from Sep. 2015 (17.26) to Sep. 2016 (15.96). 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. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=420.306/10839.037*365
=14.15

NGL Energy Partners LP's Days Payable for the quarter that ended in Sep. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=512.104/2928.73*365 / 4
=15.96

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

NGL Energy Partners LP Annual Data

Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16
DaysPayable 0.000.0016.0217.170.0024.4048.4428.7519.0514.15

NGL Energy Partners LP Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysPayable 20.9223.7032.4825.9220.7417.2619.1718.4618.7815.96
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