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Targa Resources Corp (NYSE:TRGP)
Days Payable
6.14 (As of Sep. 2016)

Targa Resources Corp's payable for the three months ended in Sep. 2016 was $92 Mil. Targa Resources Corp's cost of goods sold for the three months ended in Sep. 2016 was $1,366 Mil. Hence, Targa Resources Corp's days payable for the three months ended in Sep. 2016 was 6.14.

TRGP' s Days Payable Range Over the Past 10 Years
Min: 6.56   Max: 44.62
Current: 6.56

6.56
44.62

During the past 8 years, Targa Resources Corp's highest Days Payable was 44.62. The lowest was 6.56. And the median was 22.81.

TRGP's Days Payable is ranked lower than
95% of the 78 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 39.77 vs. TRGP: 6.56 )

Targa Resources Corp's days payable declined from Sep. 2015 (36.21) to Sep. 2016 (6.14). It may suggest that Targa Resources Corp 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.

Targa Resources Corp'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
=0/5377.6*365
=0.00

Targa Resources Corp's Days Payable for the quarter that ended in Sep. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=91.9/1365.7*365 / 4
=6.14

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Targa Resources Corp Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 0.000.007.7819.8719.760.0044.6243.4125.750.00

Targa Resources Corp Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysPayable 39.8931.0627.6140.917.1336.210.0033.540.006.14
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