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Plains Exploration & Production Company (NYSE:PXP)
Days Payable
43.35 (As of Mar. 2013)

Plains Exploration & Production Company's payable for the three months ended in Mar. 2013 was $587 Mil. Plains Exploration & Production Company's revenue for the three months ended in Mar. 2013 was $1,232 Mil. Hence, Plains Exploration & Production Company's days payable for the three months ended in Mar. 2013 was 43.35.

Plains Exploration & Production Company's days payable declined from Mar. 2012 (91.80) to Mar. 2013 (43.35). It may suggest that Plains Exploration & Production Company 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.

Plains Exploration & Production Company's Days Payable for the fiscal year that ended in Dec. 2012 is calculated as

Days Payable=Payable/Revenue*Days in Period
=571.139/2565.307*365
=81.26

Plains Exploration & Production Company's Days Payable for the quarter that ended in Mar. 2013 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=586.925/1232.115*91
=43.35

* 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.

Plains Exploration & Production Company Annual Data

Dec03Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12
DaysPayable 50.1049.1647.5447.1891.6484.21100.5584.0489.6281.26

Plains Exploration & Production Company Quarterly Data

Dec10Mar11Jun11Sep11Dec11Mar12Jun12Sep12Dec12Mar13
DaysPayable 79.2981.2570.3782.7284.8191.8087.1690.4059.7943.35
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