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Ultra Petroleum Corp (NYSE:UPL)
Days Payable
118.56 (As of Sep. 2014)

Ultra Petroleum Corp's payable for the three months ended in Sep. 2014 was $75.8 Mil. Ultra Petroleum Corp's cost of goods sold for the three months ended in Sep. 2014 was $58.3 Mil. Hence, Ultra Petroleum Corp's days payable for the three months ended in Sep. 2014 was 118.56.

Ultra Petroleum Corp's days payable increased from Sep. 2013 (55.30) to Sep. 2014 (118.56). It may suggest that Ultra Petroleum 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.

Ultra Petroleum Corp's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=54.806/295.375*365
=67.72

Ultra Petroleum Corp's Days Payable for the quarter that ended in Sep. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=75.806/58.342*365 / 4
=118.56

* 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.

Ultra Petroleum Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 104.24200.82253.13444.95248.69281.30363.80894.3391.6867.72

Ultra Petroleum Corp Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
DaysPayable 256.45272.8854.67454.9146.9555.3068.62141.90101.10118.56
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