C&J Energy Services (C&J Energy Services) Days Payable : 29.70 (As of Jun. 2019)

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What is C&J Energy Services Days Payable?

C&J Energy Services's average Accounts Payable for the three months ended in Jun. 2019 was $152 Mil. C&J Energy Services's Cost of Goods Sold for the three months ended in Jun. 2019 was $467 Mil. Hence, C&J Energy Services's Days Payable for the three months ended in Jun. 2019 was 29.70.

The historical rank and industry rank for C&J Energy Services's Days Payable or its related term are showing as below:

CJ's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 59.43
* Ranked among companies with meaningful Days Payable only.

C&J Energy Services's Days Payable declined from Jun. 2018 (30.32) to Jun. 2019 (29.70). It may suggest that C&J Energy Services accelerated paying its suppliers.

C&J Energy Services Days Payable Historical Data

The historical data trend for C&J Energy Services's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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C&J Energy Services Days Payable Chart

C&J Energy Services Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Payable

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45.05

41.99

40.62

27.21

26.09

C&J Energy Services Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Days Payable	Get a 7-Day Free Trial															30.32	33.39	32.07	27.47	29.70

Competitive Comparison of C&J Energy Services's Days Payable

For the Oil & Gas Equipment & Services subindustry, C&J Energy Services's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

C&J Energy Services's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, C&J Energy Services's Days Payable distribution charts can be found below:

* The bar in red indicates where C&J Energy Services's Days Payable falls into.

C&J Energy Services Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

C&J Energy Services's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

	Days Payable (A: Dec. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2017 )	+	Accounts Payable (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (138.624	+	140.109)	/	2 )	/	1949.574	*	365
=	139.3665					/	1949.574	*	365
=	26.09

C&J Energy Services's Days Payable for the quarter that ended in Jun. 2019 is calculated as:

	Days Payable (Q: Jun. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2019 )	+	Accounts Payable (Q: Jun. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2019 )	*	Days in Period
=	( (146.525	+	157.188)	/	2 )	/	466.607	*	365 / 4
=	151.8565					/	466.607	*	365 / 4
=	29.70

C&J Energy Services Days Payable Related Terms

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C&J Energy Services (C&J Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » C&J Energy Services Inc (NYSE:CJ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3990 Rogerdale Road, Houston, TX, USA, 77042

Website

https://www.cjenergy.com

C&J Energy Services is an oil and gas equipment and services company operating in North America. The company provides oilfield and rig services to upstream exploration and production companies. Its three main business segments are completion services, well construction and intervention services, and well support services. Completion services generate most of the company's revenue and include fracturing services and cased-hole wireline and pumping services. The well construction and intervention services segment consists of cementing and coiled tubing services. The company's well support services segment includes rig services, fluid management services, and other special well site services. The company generates most of its revenue in the United States.

Executives

Sterling Renshaw	officer: See Remarks	3990 ROGERDALE RD., HOUSTON TX 77042
John J Kennedy	director	C/O EDGEN GROUP INC., 18444 HIGHLAND ROAD, BATON ROUGE LA 70809
Michael Roemer	director	10375 RICHMOND AVENUE, SUITE 2000, HOUSTON TX 77042
Patrick M Murray	director	1177 ENCLAVE PARKWAY, SUITE 300, HOUSTON TX 77077
Steven L Mueller	director
William D. Driver	officer: See Remarks	10375 RICHMOND AVENUE, SUITE 2000, HOUSTON TX 77042
Michael S Galvan	officer: See Remarks	3990 ROGERDALE RD., HOUSTON TX 77042
Van Gaalen Jan Kees	officer: Chief Financial Officer	10205 WESTHEIMER, SUITE 1000, HOUSTON TX 77042
Danielle E. Hunter	officer: See Remarks	3990 ROGERDALE RD., HOUSTON TX 77042
Amy H Nelson	director	2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Stuart M Brightman	director	25025 INTERSTATE 45 NORTH, SUITE 600, THE WOODLANDS TX 77380
Solus Alternative Asset Management Lp	10 percent owner	25 MAPLE STREET, 2ND FLOOR, SUMMIT NJ 07901
Christopher Pucillo	10 percent owner	C/O SOLUS ALTERNATIVE ASSET MANAGEMENT, 25 MAPLE STREET, 2ND FLOOR, SUMMIT NJ 07901
Solus Gp Llc	10 percent owner	C/O SOLUS ALTERNATIVE ASSET MANAGEMENT, 25 MAPLE STREET, 2ND FLOOR, SUMMIT NJ 07901
Stephen A Schwarzman	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVE, NEW YORK NY 10154