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NGL Energy Partners LP (NYSE:NGL)
Days Payable
25.93 (As of Mar. 2015)

NGL Energy Partners LP's payable for the three months ended in Mar. 2015 was $833 Mil. NGL Energy Partners LP's cost of goods sold for the three months ended in Mar. 2015 was $2,933 Mil. Hence, NGL Energy Partners LP's days payable for the three months ended in Mar. 2015 was 25.93.

NGL Energy Partners LP's days payable increased from Mar. 2014 (17.43) to Mar. 2015 (25.93). It may suggest that NGL Energy Partners LP 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.

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 Mar. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=833.38/2933.021*365 / 4
=25.93

* 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

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
DaysPayable 43.8933.0140.0137.0240.8317.4320.9223.7032.4825.93
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