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GuruFocus has detected 2 Warning Signs with Petroleo Brasileiro SA Petrobras $PBR.
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Petroleo Brasileiro SA Petrobras (NYSE:PBR)
Days Payable
36.32 (As of Dec. 2016)

Petroleo Brasileiro SA Petrobras's payable for the three months ended in Dec. 2016 was $5,762 Mil. Petroleo Brasileiro SA Petrobras's cost of goods sold for the three months ended in Dec. 2016 was $14,477 Mil. Hence, Petroleo Brasileiro SA Petrobras's days payable for the three months ended in Dec. 2016 was 36.32.

PBR' s Days Payable Range Over the Past 10 Years
Min: 30.64   Max: 70.79
Current: 34.19

30.64
70.79

During the past 13 years, Petroleo Brasileiro SA Petrobras's highest Days Payable was 70.79. The lowest was 30.64. And the median was 39.88.

PBR's Days Payable is ranked lower than
68% of the 47 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 52.54 vs. PBR: 34.19 )

Petroleo Brasileiro SA Petrobras's days payable increased from Dec. 2015 (35.49) to Dec. 2016 (36.32). It may suggest that Petroleo Brasileiro SA Petrobras delayed 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. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=5299/55417*365
=34.90

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=5762/14477*365 / 4
=36.32

* 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

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 57.3038.8970.7949.3343.4840.8738.2630.6431.8934.90

Petroleo Brasileiro SA Petrobras Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 32.6637.5339.3140.5834.3935.4938.5834.1731.4336.32
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