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Petroleo Brasileiro SA Petrobras (NYSE:PBR)
Days Payable
40.22 (As of Jun. 2014)

Petroleo Brasileiro SA Petrobras's payable for the three months ended in Jun. 2014 was $12,509 Mil. Petroleo Brasileiro SA Petrobras's cost of goods sold for the three months ended in Jun. 2014 was $28,382 Mil. Hence, Petroleo Brasileiro SA Petrobras's days payable for the three months ended in Jun. 2014 was 40.22.

Petroleo Brasileiro SA Petrobras's days payable increased from Jun. 2013 (38.77) to Jun. 2014 (40.22). 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. 2013 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=11919/108254*365
=40.19

Petroleo Brasileiro SA Petrobras's Days Payable for the quarter that ended in Jun. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=12509/28382*365 / 4
=40.22

* 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

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 54.7545.4349.2157.3038.8973.2454.0543.4839.4240.19

Petroleo Brasileiro SA Petrobras Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
DaysPayable 41.2239.2843.1433.0841.0038.7739.7138.6841.3040.22
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