CSI Compressco LP (CSI Compressco LP) Days Payable : 28.51 (As of Dec. 2023)

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What is CSI Compressco LP Days Payable?

CSI Compressco LP's average Accounts Payable for the three months ended in Dec. 2023 was $22.2 Mil. CSI Compressco LP's Cost of Goods Sold for the three months ended in Dec. 2023 was $71.1 Mil. Hence, CSI Compressco LP's Days Payable for the three months ended in Dec. 2023 was 28.51.

The historical rank and industry rank for CSI Compressco LP's Days Payable or its related term are showing as below:

CCLP' s Days Payable Range Over the Past 10 Years
Min: 19.85 Med: 35.94 Max: 42.05
Current: 34.01

During the past 13 years, CSI Compressco LP's highest Days Payable was 42.05. The lowest was 19.85. And the median was 35.94.

CCLP's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 59.43 vs CCLP: 34.01

CSI Compressco LP's Days Payable declined from Dec. 2022 (46.77) to Dec. 2023 (28.51). It may suggest that CSI Compressco LP accelerated paying its suppliers.

CSI Compressco LP Days Payable Historical Data

The historical data trend for CSI Compressco 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.

CSI Compressco LP Days Payable Chart

CSI Compressco LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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36.90

29.51

36.01

42.05

35.87

CSI Compressco LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															46.77	41.70	34.65	29.49	28.51

Competitive Comparison of CSI Compressco LP's Days Payable

For the Oil & Gas Equipment & Services subindustry, CSI Compressco 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.

CSI Compressco LP's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, CSI Compressco LP's Days Payable distribution charts can be found below:

* The bar in red indicates where CSI Compressco LP's Days Payable falls into.

CSI Compressco 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.

CSI Compressco LP's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (34.589	+	21.996)	/	2 )	/	287.865	*	365
=	28.2925					/	287.865	*	365
=	35.87

CSI Compressco LP's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (22.408	+	21.996)	/	2 )	/	71.053	*	365 / 4
=	22.202					/	71.053	*	365 / 4
=	28.51

CSI Compressco LP Days Payable Related Terms

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CSI Compressco LP (CSI Compressco LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CSI Compressco LP (NAS:CCLP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1735 Hughes Landing Boulevard, Suite 200, The Woodlands, TX, USA, 77380

Website

https://www.csicompressco.com

CSI Compressco LP is a limited partnership operating in the U.S. The company is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. It sells standard and custom-designed compressor packages and oil field fluid pump systems and provides aftermarket services and compressor package parts and components manufactured by third-party suppliers. In addition, the company provides compression services and equipment to natural gas and oil exploration and production, midstream, and transmission companies. The majority of the company's revenue comes from the United States.

Executives

James R Larson	director	CSI COMPRESSCO LP, 1735 HUGHES LANDING BLVD STE 200, THE WOODLANDS TX 77380
Joseph P. Mcelroy	director	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
John Earl Jackson	director, officer: Chief Executive Officer	12001 NORTH HOUSTON ROSSLYN, HOUSTON TX 77086
Michael James Tucker	director	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
Jonathan W. Byers	director, officer: Chief Financial Officer	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Riplee L Parkening	officer: Controller	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
Rodney P Pruski	officer: Vice President of Operations	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
Stephen R. Gill	director	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Spartan Energy Partners Gp Llc	10 percent owner	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Spartan Energy Partners Lp	10 percent owner	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Derek J Anchondo	officer: Assistant General Counsel	1735 HUGHES LANDING BLVD STE 200, THE WOODLANDS TX 77380
Robert Wesley Price	director, officer: Chief Operating Officer	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Denise Essenberg	director	1735 HUGHES LANDING BLVD STE 200, THE WOODLANDS TX 77380
Ted A Gardner	director	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Spartan Energy Holdco Llc	10 percent owner	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380