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Mid-Con Energy Partners LP  (NAS:MCEP) Days Payable: 6.96 (As of Sep. 2017)

Mid-Con Energy Partners LP's payable for the three months ended in Sep. 2017 was $0.53 Mil. Mid-Con Energy Partners LP's Cost of Goods Sold for the three months ended in Sep. 2017 was $6.98 Mil. Hence, Mid-Con Energy Partners LP's days payable for the three months ended in Sep. 2017 was 6.96.

NAS:MCEP' s Days Payable Range Over the Past 10 Years
Min: 7.76   Max: 149.46
Current: 7.76

7.76
149.46

During the past 7 years, Mid-Con Energy Partners LP's highest Days Payable was 149.46. The lowest was 7.76. And the median was 40.87.

NAS:MCEP's Days Payable is ranked lower than
91% of the 246 Companies
in the Global industry.

( Industry Median: 76.90 vs. NAS:MCEP: 7.76 )

Mid-Con Energy Partners LP's days payable declined from Sep. 2016 (35.53) to Sep. 2017 (6.96). It may suggest that Mid-Con Energy Partners LP accelerated paying its suppliers.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Mid-Con Energy Partners LP Annual Data

Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Days Payable Premium Member Only Premium Member Only 61.28 39.50 40.87 31.35 36.44

Mid-Con Energy Partners LP Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.53 39.12 12.73 3.73 6.96

Competitive Comparison
* 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.


Calculation

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.

Mid-Con 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
=2.554/25.585*365
=36.44

Mid-Con Energy Partners LP's Days Payable for the quarter that ended in Sep. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=0.532/6.979*365 / 4
=6.96

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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