SM Energy Co (SM Energy Co) Days Payable : 30.00 (As of Dec. 2023)

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What is SM Energy Co Days Payable?

SM Energy Co's average Accounts Payable for the three months ended in Dec. 2023 was $107 Mil. SM Energy Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $326 Mil. Hence, SM Energy Co's Days Payable for the three months ended in Dec. 2023 was 30.00.

The historical rank and industry rank for SM Energy Co's Days Payable or its related term are showing as below:

SM' s Days Payable Range Over the Past 10 Years
Min: 10.28 Med: 17.86 Max: 26.59
Current: 22.01

During the past 13 years, SM Energy Co's highest Days Payable was 26.59. The lowest was 10.28. And the median was 17.86.

SM's Days Payable is ranked worse than
84.32% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs SM: 22.01

SM Energy Co's Days Payable increased from Dec. 2022 (13.61) to Dec. 2023 (30.00). It may suggest that SM Energy Co delayed paying its suppliers.

SM Energy Co Days Payable Historical Data

The historical data trend for SM Energy Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SM Energy Co Days Payable Chart

SM Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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14.90

17.86

12.56

10.28

22.01

SM Energy Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															13.61	13.51	-	-	30.00

Competitive Comparison of SM Energy Co's Days Payable

For the Oil & Gas E&P subindustry, SM Energy Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SM Energy Co's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, SM Energy Co's Days Payable distribution charts can be found below:

* The bar in red indicates where SM Energy Co's Days Payable falls into.

SM Energy Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

SM Energy Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (43.898	+	107.315)	/	2 )	/	1254.024	*	365
=	75.6065					/	1254.024	*	365
=	22.01

SM Energy Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	107.315)	/	1 )	/	326.45	*	365 / 4
=	107.315					/	326.45	*	365 / 4
=	30.00

SM Energy Co Days Payable Related Terms

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SM Energy Co (SM Energy Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SM Energy Co (NYSE:SM) » Definitions » Days Payable

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SJL:Germany

Address

1700 Lincoln Street, Suite 3200, Denver, CO, USA, 80203

Website

https://sm-energy.com

SM Energy Co is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids. Operating primarily out of the United States, the company actively participates in joint ventures, prospects/leaseholds, and drill-to-earn opportunities. The majority of the company's revenue is derived from some of the United States' premier drilling locations. Drilling location interests have been traditionally obtained through oil and gas leases from third parties. SM Energy relies on its fleet of geologists, geophysicists, landmen, and engineers to help extract the full potential out of all properties held.

Executives

Julio M Quintana	director	3993 W. SAM HOUSTON PARKWAY N., STE. 100, HOUSTON TX 77043
Ramiro G Peru	director	WELLPOINT, INC, 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46260
Rose M Robeson	director	370 17TH STREET, SUITE 2775, DENVER CO 80202
Patrick A Lytle	officer: Controller and PAO	1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
Julie Gray	officer: Vice President Marketing	1700 LINCOLN STREET, SUITE 3200, DENVER CO 80203
Herbert S Vogel	officer: Sr VP Portf Dev & Tech Servs	1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
James Barker Lebeck	officer: SVP & General Counsel	1700 LINCOLN STREET, SUITE 3200, DENVER CO 80203
David W Copeland	officer: EVP, GC & Corp. Sec.	1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
David J. Whitcomb	officer: VP-Marketing	1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
Mary Ellen Lutey	officer: VP & Regional Manager	1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
Anita M. Powers	director	9200 OAKDALE AVENUE, SUITE 900, LOS ANGELES CA 91311
William D Sullivan	director	TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Kenneth J. Knott	officer: VP- Land & Asst. Secretary	1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
Javan D Ottoson	officer: Executive VP & COO	ST. MARY LAND & EXPLORATION COMPANY, 1776 LINCOLN STREET, SUITE 700, DENVER CO 80203
Carla Jean Bailo	director	1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203