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Targa Resources Corp (NYSE:TRGP)
Days Payable
32.11 (As of Jun. 2014)

Targa Resources Corp's payable for the three months ended in Jun. 2014 was $728 Mil. Targa Resources Corp's revenue for the three months ended in Jun. 2014 was $2,062 Mil. Hence, Targa Resources Corp's days payable for the three months ended in Jun. 2014 was 32.11.

Targa Resources Corp's days payable increased from Jun. 2013 (32.10) to Jun. 2014 (32.11). 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. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=667.6/6556*365
=37.17

Targa Resources Corp's Days Payable for the quarter that ended in Jun. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=727.6/2061.9*91
=32.11

* 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

Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 0.000.000.000.007.0216.6116.9618.0242.1137.17

Targa Resources Corp Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
DaysPayable 22.3320.2127.9540.4634.1532.1034.2528.1325.9432.11
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