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GuruFocus has detected 6 Warning Signs with Enbridge Energy Partners LP $EEP.
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Enbridge Energy Partners LP (NYSE:EEP)
Days Payable
59.20 (As of Mar. 2017)

Enbridge Energy Partners LP's payable for the three months ended in Mar. 2017 was $372 Mil. Enbridge Energy Partners LP's cost of goods sold for the three months ended in Mar. 2017 was $573 Mil. Hence, Enbridge Energy Partners LP's days payable for the three months ended in Mar. 2017 was 59.20.

EEP' s Days Payable Range Over the Past 10 Years
Min: 9.57   Max: 65.39
Current: 65.39

9.57
65.39

During the past 13 years, Enbridge Energy Partners LP's highest Days Payable was 65.39. The lowest was 9.57. And the median was 23.84.

EEP's Days Payable is ranked lower than
83% of the 80 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 44.51 vs. EEP: 65.39 )

Enbridge Energy Partners LP's days payable declined from Mar. 2016 (102.82) to Mar. 2017 (59.20). It may suggest that Enbridge Energy Partners LP 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.

Enbridge Energy Partners LP'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
=82.8/1938.7*365
=15.59

Enbridge Energy Partners LP's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=371.5/572.6*365 / 4
=59.20

* 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.

Enbridge Energy Partners LP Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 22.969.5716.7715.7324.7150.9555.8751.9038.8815.59

Enbridge Energy Partners LP Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 57.9092.8096.58138.4754.54102.8294.0681.7712.3459.20
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