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GuruFocus has detected 2 Warning Signs with Murphy Oil Corp $MUR.
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Murphy Oil Corp (NYSE:MUR)
Days Payable
487.33 (As of Mar. 2017)

Murphy Oil Corp's payable for the three months ended in Mar. 2017 was $712 Mil. Murphy Oil Corp's cost of goods sold for the three months ended in Mar. 2017 was $133 Mil. Hence, Murphy Oil Corp's days payable for the three months ended in Mar. 2017 was 487.33.

MUR' s Days Payable Range Over the Past 10 Years
Min: 20.12   Max: 700.79
Current: 460.26

20.12
700.79

During the past 13 years, Murphy Oil Corp's highest Days Payable was 700.79. The lowest was 20.12. And the median was 472.48.

MUR's Days Payable is ranked higher than
92% of the 238 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 88.02 vs. MUR: 460.26 )

Murphy Oil Corp's days payable increased from Mar. 2016 (0.00) to Mar. 2017 (487.33). It may suggest that Murphy Oil Corp delayed 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.

Murphy Oil 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
=784.975/603.186*365
=475.00

Murphy Oil 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
=712.201/133.355*365 / 4
=487.33

* 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.

Murphy Oil Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 44.2420.1234.7548.04472.48700.790.00693.91621.75475.00

Murphy Oil Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 692.990.000.000.00697.070.000.000.00541.73487.33
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