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Petroleo Brasileiro SA Petrobras (NYSE:PBR)
Days Payable
31.43 (As of Sep. 2016)

Petroleo Brasileiro SA Petrobras's payable for the three months ended in Sep. 2016 was $4,996 Mil. Petroleo Brasileiro SA Petrobras's cost of goods sold for the three months ended in Sep. 2016 was $14,506 Mil. Hence, Petroleo Brasileiro SA Petrobras's days payable for the three months ended in Sep. 2016 was 31.43.

PBR' s Days Payable Range Over the Past 10 Years
Min: 29.66   Max: 70.79
Current: 29.66

29.66
70.79

During the past 13 years, Petroleo Brasileiro SA Petrobras's highest Days Payable was 70.79. The lowest was 29.66. And the median was 42.18.

PBR's Days Payable is ranked lower than
78% of the 45 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 63.64 vs. PBR: 29.66 )

Petroleo Brasileiro SA Petrobras's days payable declined from Sep. 2015 (34.39) to Sep. 2016 (31.43). It may suggest that Petroleo Brasileiro SA Petrobras 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.

Petroleo Brasileiro SA Petrobras'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
=5897/67485*365
=31.89

Petroleo Brasileiro SA Petrobras's Days Payable for the quarter that ended in Sep. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=4996/14506*365 / 4
=31.43

* 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.

Petroleo Brasileiro SA Petrobras Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 49.2157.3038.8970.7949.3343.4840.8738.2630.6431.89

Petroleo Brasileiro SA Petrobras Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysPayable 36.9932.6637.5339.3140.5834.3935.4938.5834.1731.43
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