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Targa Resources Corp (NYSE:TRGP)
Days Payable
44.50 (As of Mar. 2015)

Targa Resources Corp's payable for the three months ended in Mar. 2015 was $619 Mil. Targa Resources Corp's cost of goods sold for the three months ended in Mar. 2015 was $1,268 Mil. Hence, Targa Resources Corp's days payable for the three months ended in Mar. 2015 was 44.50.

Targa Resources Corp's days payable increased from Mar. 2014 (30.39) to Mar. 2015 (44.50). It may suggest that Targa Resources Corp 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.

Targa Resources Corp's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=527.8/7046.9*365
=27.34

Targa Resources Corp's Days Payable for the quarter that ended in Mar. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=618.5/1268.3*365 / 4
=44.50

* 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.

Targa Resources Corp Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 0.000.000.007.7819.8719.760.0042.7346.5927.34

Targa Resources Corp Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
DaysPayable 41.1342.0839.4445.7434.2030.3938.435.0929.4644.50
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