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Petroleo Brasileiro SA Petrobras (NYSE:PBR)
Days Payable
38.58 (As of Mar. 2016)

Petroleo Brasileiro SA Petrobras's payable for the three months ended in Mar. 2016 was $5,334 Mil. Petroleo Brasileiro SA Petrobras's cost of goods sold for the three months ended in Mar. 2016 was $12,616 Mil. Hence, Petroleo Brasileiro SA Petrobras's days payable for the three months ended in Mar. 2016 was 38.58.

PBR' s Days Payable Range Over the Past 10 Years
Min: 30.64   Max: 73.24
Current: 32.14

30.64
73.24

During the past 13 years, Petroleo Brasileiro SA Petrobras's highest Days Payable was 73.24. The lowest was 30.64. And the median was 42.32.

PBR's Days Payable is ranked lower than
72% of the 53 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 53.37 vs. PBR: 32.14 )

Petroleo Brasileiro SA Petrobras's days payable declined from Mar. 2015 (38.97) to Mar. 2016 (38.58). 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 Mar. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=5334/12616*365 / 4
=38.58

* 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.

Petroleo Brasileiro SA Petrobras Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 48.2457.3038.8973.2452.3743.4841.1538.4630.6431.89

Petroleo Brasileiro SA Petrobras Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 36.7739.4139.5432.6637.5338.9741.2534.3935.4938.58
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