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Occidental Petroleum Corp (NYSE:OXY)
Days Payable
229.30 (As of Jun. 2016)

Occidental Petroleum Corp's payable for the three months ended in Jun. 2016 was $3,126 Mil. Occidental Petroleum Corp's cost of goods sold for the three months ended in Jun. 2016 was $1,244 Mil. Hence, Occidental Petroleum Corp's days payable for the three months ended in Jun. 2016 was 229.30.

OXY' s Days Payable Range Over the Past 10 Years
Min: 127.31   Max: 310.11
Current: 215.61

127.31
310.11

During the past 13 years, Occidental Petroleum Corp's highest Days Payable was 310.11. The lowest was 127.31. And the median was 245.19.

OXY's Days Payable is ranked higher than
85% of the 231 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 73.48 vs. OXY: 215.61 )

Occidental Petroleum Corp's days payable declined from Jun. 2015 (255.56) to Jun. 2016 (229.30). It may suggest that Occidental Petroleum Corp 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.

Occidental Petroleum Corp's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=3069/5804*365
=193.00

Occidental Petroleum Corp's Days Payable for the quarter that ended in Jun. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=3126/1244*365 / 4
=229.30

* 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.

Occidental Petroleum Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 127.31228.22155.70223.54266.05262.15263.16310.11280.55193.00

Occidental Petroleum Corp Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysPayable 188.87329.01289.68275.33226.63255.56240.69206.83199.52229.30
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