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Petroleo Brasileiro SA Petrobras (NYSE:PBR)
Days Payable
34.17 (As of Jun. 2016)

Petroleo Brasileiro SA Petrobras's payable for the three months ended in Jun. 2016 was $5,175 Mil. Petroleo Brasileiro SA Petrobras's cost of goods sold for the three months ended in Jun. 2016 was $13,818 Mil. Hence, Petroleo Brasileiro SA Petrobras's days payable for the three months ended in Jun. 2016 was 34.17.

PBR' s Days Payable Range Over the Past 10 Years
Min: 29.78   Max: 70.79
Current: 29.78

29.78
70.79

During the past 13 years, Petroleo Brasileiro SA Petrobras's highest Days Payable was 70.79. The lowest was 29.78. And the median was 42.18.

PBR's Days Payable is ranked lower than
80% of the 46 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 79.44 vs. PBR: 29.78 )

Petroleo Brasileiro SA Petrobras's days payable declined from Jun. 2015 (40.58) to Jun. 2016 (34.17). 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 Jun. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=5175/13818*365 / 4
=34.17

* 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 49.2157.3038.8970.7949.3343.4840.8738.2630.6431.89

Petroleo Brasileiro SA Petrobras Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysPayable 41.1139.5432.6637.5339.3140.5834.3935.4938.5834.17
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