Magellan Midstream Partners LP's average Accounts Payable for the
three
months ended in Jun. 2022 was $118 Mil. Magellan Midstream Partners LP's Cost of Goods Sold for the
three
months ended in Jun. 2022 was $341 Mil.
Hence, Magellan Midstream Partners LP's Days Payable for the
three
months ended in Jun. 2022 was 31.67.
The historical rank and industry rank for Magellan Midstream Partners LP's Days Payable or its related term are showing as below:
MMP'
s Days Payable Range Over the Past 10 Years
Min: 36.37 Med: 46.79 Max: 66.8
Current: 36.37
During the past 13 years, Magellan Midstream Partners LP's highest Days Payable was 66.80. The lowest was 36.37. And the median was 46.79.
MMP's Days Payable is ranked worse than 67.78% of 900
companies
in the Oil & Gas industry
Industry Median: 57.34
vs MMP: 36.37
Magellan Midstream Partners LP's Days Payable
declined
from Jun. 2021 (45.79) to Jun. 2022 (31.67).
It may suggest that Magellan Midstream Partners LP accelerated paying its suppliers.
Magellan Midstream Partners LP Days Payable Historical Data
The historical data trend for Magellan Midstream Partners LP'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.
* Premium members only.
Magellan Midstream Partners LP Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Days Payable
39.93
45.86
66.80
63.88
37.57
Magellan Midstream Partners LP Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Days Payable
45.79
55.43
31.01
31.44
31.67
Competitive Comparison
For the Oil & Gas Midstream subindustry, Magellan Midstream Partners LP'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.
Magellan Midstream Partners LP Days Payable Distribution
For the Oil & Gas industry and Energy sector, Magellan Midstream Partners LP's Days Payable distribution charts can be found below:
* The bar in red indicates where Magellan Midstream Partners LP's Days Payable falls into.
Magellan Midstream Partners LP 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.
Magellan Midstream Partners LP's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as
* 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.
Magellan Midstream Partners LP Days Payable Related Terms
Thank you for viewing the detailed overview of Magellan Midstream Partners LP's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.
Magellan Midstream Partners LP Business Description
Magellan Midstream Partners is a master limited partnership that operates pipelines and storage terminals in the Central and Eastern United States. Its assets transport, store, and distribute refined petroleum products and crude and earn a fee-based stream of cash flows. Assets include the country's longest petroleum pipeline network and several crude oil pipelines. Refined products make about 70% of operating margin, with the remainder mainly crude-oil pipelines.
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