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GuruFocus has detected 2 Warning Signs with Mid-Con Energy Partners LP $MCEP.
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Mid-Con Energy Partners LP (NAS:MCEP)
Days Payable
12.73 (As of Mar. 2017)

Mid-Con Energy Partners LP's payable for the three months ended in Mar. 2017 was $0.81 Mil. Mid-Con Energy Partners LP's cost of goods sold for the three months ended in Mar. 2017 was $5.79 Mil. Hence, Mid-Con Energy Partners LP's days payable for the three months ended in Mar. 2017 was 12.73.

MCEP' s Days Payable Range Over the Past 10 Years
Min: 11.93   Max: 149.46
Current: 11.93

11.93
149.46

During the past 7 years, Mid-Con Energy Partners LP's highest Days Payable was 149.46. The lowest was 11.93. And the median was 40.87.

MCEP's Days Payable is ranked lower than
86% of the 249 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 89.31 vs. MCEP: 11.93 )

Mid-Con Energy Partners LP's days payable declined from Mar. 2016 (36.04) to Mar. 2017 (12.73). It may suggest that Mid-Con 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.

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 Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=0.808/5.794*365 / 4
=12.73

* 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.

Mid-Con Energy Partners LP Annual Data

Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 0.000.000.00119.92149.4661.2839.5040.8731.3536.44

Mid-Con Energy Partners LP Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 34.5528.6831.4630.3531.7636.0432.1035.5339.1212.73
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