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Nexen, Inc. (NYSE:NXY)
Days Payable
23.07 (As of Dec. 2012)

Nexen, Inc.'s payable for the three months ended in Dec. 2012 was $433 Mil. Nexen, Inc.'s revenue for the three months ended in Dec. 2012 was $1,710 Mil. Hence, Nexen, Inc.'s days payable for the three months ended in Dec. 2012 was 23.07.

Nexen, Inc.'s days payable declined from Dec. 2011 (166.21) to Dec. 2012 (23.07). It may suggest that Nexen, Inc. 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.

Nexen, Inc.'s Days Payable for the fiscal year that ended in Dec. 2012 is calculated as

Days Payable=Payable/Revenue*Days in Period
=433.467741935/6765.12096774*365
=23.39

Nexen, Inc.'s Days Payable for the quarter that ended in Dec. 2012 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=433.467741935/1709.67741935*91
=23.07

* 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.

Nexen, Inc. Annual Data

Dec03Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12
DaysPayable 145.68225.80280.50262.91231.021.151.641.63174.7123.39

Nexen, Inc. Quarterly Data

Sep10Dec10Mar11Jun11Sep11Dec11Mar12Jun12Sep12Dec12
DaysPayable 1.521.961.44112.81112.02166.2124.7843.2336.7323.07
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