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GuruFocus has detected 5 Warning Signs with HollyFrontier Corp $HFC.
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HollyFrontier Corp (NYSE:HFC)
Days Payable
29.41 (As of Mar. 2017)

HollyFrontier Corp's payable for the three months ended in Mar. 2017 was $954 Mil. HollyFrontier Corp's cost of goods sold for the three months ended in Mar. 2017 was $2,960 Mil. Hence, HollyFrontier Corp's days payable for the three months ended in Mar. 2017 was 29.41.

HFC' s Days Payable Range Over the Past 10 Years
Min: 21.55   Max: 77.46
Current: 32.75

21.55
77.46

During the past 13 years, HollyFrontier Corp's highest Days Payable was 77.46. The lowest was 21.55. And the median was 32.23.

HFC's Days Payable is ranked higher than
54% of the 104 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 33.76 vs. HFC: 32.75 )

HollyFrontier Corp's days payable declined from Mar. 2016 (36.63) to Mar. 2017 (29.41). It may suggest that HollyFrontier 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.

HollyFrontier 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
=935.387/9492.828*365
=35.97

HollyFrontier 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
=953.928/2960.097*365 / 4
=29.41

* 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.

HollyFrontier Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 67.8326.9977.4661.0940.9028.4926.1721.5522.6935.97

HollyFrontier Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 22.4533.8631.9726.8922.7436.6335.3028.2031.4829.41
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