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GuruFocus has detected 4 Warning Signs with Chevron Corp $CVX.
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Chevron Corp (NYSE:CVX)
Days Payable
53.85 (As of Mar. 2017)

Chevron Corp's payable for the three months ended in Mar. 2017 was $13,078 Mil. Chevron Corp's cost of goods sold for the three months ended in Mar. 2017 was $22,162 Mil. Hence, Chevron Corp's days payable for the three months ended in Mar. 2017 was 53.85.

CVX' s Days Payable Range Over the Past 10 Years
Min: 31.49   Max: 64.14
Current: 58.32

31.49
64.14

During the past 13 years, Chevron Corp's highest Days Payable was 64.14. The lowest was 31.49. And the median was 51.36.

CVX's Days Payable is ranked higher than
62% of the 50 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 46.84 vs. CVX: 58.32 )

Chevron Corp's days payable declined from Mar. 2016 (69.67) to Mar. 2017 (53.85). It may suggest that Chevron 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.

Chevron Corp's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=13986/79589*365
=64.14

Chevron Corp's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=13078/22162*365 / 4
=53.85

* 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.

Chevron Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 52.3931.4947.7651.8247.1250.9052.2747.8453.1764.14

Chevron Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 56.2367.2270.4760.6360.0569.6771.7554.3157.7053.85
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