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Unit Corp (NYSE:UNT)
Days Payable
28.54 (As of Sep. 2016)

Unit Corp's payable for the six months ended in Sep. 2016 was $56.4 Mil. Unit Corp's cost of goods sold for the six months ended in Sep. 2016 was $180.2 Mil. Hence, Unit Corp's days payable for the six months ended in Sep. 2016 was 57.09.

UNT' s Days Payable Range Over the Past 10 Years
Min: 12.92   Max: 81.71
Current: 16.55

12.92
81.71

During the past 13 years, Unit Corp's highest Days Payable was 81.71. The lowest was 12.92. And the median was 57.95.

UNT's Days Payable is ranked lower than
85% of the 40 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 40.38 vs. UNT: 16.55 )

Unit Corp's days payable declined from Mar. 2016 (33.15) to Sep. 2016 (28.54). 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. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=87.413/2470.393*365
=12.92

Unit 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
=56.375/180.221*365 / 2
=57.09

* 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.

Unit Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 69.5070.1581.7126.3853.0561.1741.2855.9259.9812.92

Unit Corp Semi-Annual Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysPayable 65.0073.0442.5718.6715.1516.8912.0033.1531.3028.54
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