Goodrich Petroleum (Goodrich Petroleum) Days Payable : 121.49 (As of Sep. 2021)

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What is Goodrich Petroleum Days Payable?

Goodrich Petroleum's average Accounts Payable for the three months ended in Sep. 2021 was $30.31 Mil. Goodrich Petroleum's Cost of Goods Sold for the three months ended in Sep. 2021 was $22.77 Mil. Hence, Goodrich Petroleum's Days Payable for the three months ended in Sep. 2021 was 121.49.

The historical rank and industry rank for Goodrich Petroleum's Days Payable or its related term are showing as below:

GDPAQ.PFD' s Days Payable Range Over the Past 10 Years
Min: 99.05 Med: 129.71 Max: 268.51
Current: 131.57

During the past 13 years, Goodrich Petroleum's highest Days Payable was 268.51. The lowest was 99.05. And the median was 129.71.

GDPAQ.PFD's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 61.11 vs GDPAQ.PFD: 131.57

Goodrich Petroleum's Days Payable declined from Sep. 2020 (135.59) to Sep. 2021 (121.49). It may suggest that Goodrich Petroleum accelerated paying its suppliers.

Goodrich Petroleum Days Payable Historical Data

The historical data trend for Goodrich Petroleum'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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Goodrich Petroleum Days Payable Chart

Goodrich Petroleum Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Payable

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268.51

161.91

143.70

108.28

117.80

Goodrich Petroleum Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Days Payable	Get a 7-Day Free Trial															135.59	127.18	150.41	128.64	121.49

Competitive Comparison of Goodrich Petroleum's Days Payable

For the Oil & Gas E&P subindustry, Goodrich Petroleum'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.

Goodrich Petroleum's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Goodrich Petroleum's Days Payable falls into.

Goodrich Petroleum 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.

Goodrich Petroleum's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

	Days Payable (A: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2019 )	+	Accounts Payable (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (25.944	+	26.603)	/	2 )	/	81.41	*	365
=	26.2735					/	81.41	*	365
=	117.80

Goodrich Petroleum's Days Payable for the quarter that ended in Sep. 2021 is calculated as:

	Days Payable (Q: Sep. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2021 )	+	Accounts Payable (Q: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
=	( (28.681	+	31.946)	/	2 )	/	22.768	*	365 / 4
=	30.3135					/	22.768	*	365 / 4
=	121.49

Goodrich Petroleum Days Payable Related Terms

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Goodrich Petroleum (Goodrich Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Goodrich Petroleum Corp (GREY:GDPAQ.PFD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

801 Louisiana Street, Suite 700, Houston, TX, USA, 77002

Website

http://www.goodrichpetroleum.com

Goodrich Petroleum Corp is an independent oil and gas producer in the United States. The company operates in the Tuscaloosa Marine Shale region, with minor operations in the Eagle Ford and Haynesville shales. The vast majority of exploitation and development efforts on natural gas are carried out in the core of the Haynesville Shale in North Louisiana.