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Unit Corp (NYSE:UNT)
Days Payable
77.71 (As of Sep. 2015)

Unit Corp's payable for the three months ended in Sep. 2015 was $98 Mil. Unit Corp's cost of goods sold for the three months ended in Sep. 2015 was $114 Mil. Hence, Unit Corp's days payable for the three months ended in Sep. 2015 was 77.71.

UNT' s Days Payable Range Over the Past 10 Years
Min: 64.6   Max: 103.62
Current: 61.45

64.6
103.62

During the past 13 years, Unit Corp's highest Days Payable was 103.62. The lowest was 64.60. And the median was 81.26.

UNT's Days Payable is ranked higher than
59% of the 41 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 49.68 vs. UNT: 61.45 )

Unit Corp's days payable declined from Sep. 2014 (111.75) to Sep. 2015 (77.71). It may suggest that Unit 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.

Unit 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
=218.5/769.68*365
=103.62

Unit Corp's Days Payable for the quarter that ended in Sep. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=97.503/114.488*365 / 4
=77.71

* 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.

Unit Corp Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 95.3369.5070.1581.7164.6079.1890.8180.8083.35103.62

Unit Corp Quarterly Data

Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15
DaysPayable 64.0870.2779.9379.3399.78111.7599.4485.2978.0977.71
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