Switch to:
Cimarex Energy Co (NYSE:XEC)
Days Payable
51.93 (As of Jun. 2015)

Cimarex Energy Co's payable for the three months ended in Jun. 2015 was $71 Mil. Cimarex Energy Co's cost of goods sold for the three months ended in Jun. 2015 was $126 Mil. Hence, Cimarex Energy Co's days payable for the three months ended in Jun. 2015 was 51.93.

Cimarex Energy Co's days payable declined from Jun. 2014 (80.79) to Jun. 2015 (51.93). It may suggest that Cimarex Energy Co 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.

Cimarex Energy Co'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
=138.051/572.831*365
=87.96

Cimarex Energy Co's Days Payable for the quarter that ended in Jun. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=71.486/125.619*365 / 4
=51.93

* 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.

Cimarex Energy Co Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 197.7091.0774.40122.8047.4364.7989.04111.97104.3387.96

Cimarex Energy Co Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
DaysPayable 80.6978.0893.0299.57100.1880.7973.9584.0952.1851.93
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership

FEEDBACK