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Petroleo Brasileiro SA Petrobras (NYSE:PBR)
Days Payable
39.31 (As of Mar. 2015)

Petroleo Brasileiro SA Petrobras's payable for the three months ended in Mar. 2015 was $7,814 Mil. Petroleo Brasileiro SA Petrobras's cost of goods sold for the three months ended in Mar. 2015 was $18,140 Mil. Hence, Petroleo Brasileiro SA Petrobras's days payable for the three months ended in Mar. 2015 was 39.31.

Petroleo Brasileiro SA Petrobras's days payable declined from Mar. 2014 (41.11) to Mar. 2015 (39.31). 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 Sep. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=0/112446*365
=0.00

Petroleo Brasileiro SA Petrobras's Days Payable for the quarter that ended in Mar. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=7814/18140*365 / 4
=39.31

* 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

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Sep14
DaysPayable 45.4349.2157.3038.8973.2449.3343.4841.1538.260.00

Petroleo Brasileiro SA Petrobras Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
DaysPayable 40.0640.5339.2239.1636.7741.1140.3932.4337.5339.31
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