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NGL Energy Partners LP (NYSE:NGL)
Days Payable
23.70 (As of Sep. 2014)

NGL Energy Partners LP's payable for the three months ended in Sep. 2014 was $1,345 Mil. NGL Energy Partners LP's cost of goods sold for the three months ended in Sep. 2014 was $5,179 Mil. Hence, NGL Energy Partners LP's days payable for the three months ended in Sep. 2014 was 23.70.

NGL Energy Partners LP's days payable declined from Sep. 2013 (37.02) to Sep. 2014 (23.70). 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. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=740.211/9132.699*365
=29.58

NGL Energy Partners LP's Days Payable for the quarter that ended in Sep. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1345.024/5179.465*365 / 4
=23.70

* 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

Mar09Mar10Mar12Mar13Mar14
DaysPayable 0.000.000.000.000.0016.0217.1726.9548.4429.58

NGL Energy Partners LP Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
DaysPayable 110.1636.3543.8933.0140.0137.0240.8317.9420.9223.70
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