Ocean Rig UDW (Ocean Rig UDW) Days Payable : 39.83 (As of Sep. 2018)

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What is Ocean Rig UDW Days Payable?

Ocean Rig UDW's average Accounts Payable for the three months ended in Sep. 2018 was $34.8 Mil. Ocean Rig UDW's Cost of Goods Sold for the three months ended in Sep. 2018 was $79.8 Mil. Hence, Ocean Rig UDW's Days Payable for the three months ended in Sep. 2018 was 39.83.

The historical rank and industry rank for Ocean Rig UDW's Days Payable or its related term are showing as below:

ORIG's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 59.43
* Ranked among companies with meaningful Days Payable only.

Ocean Rig UDW's Days Payable increased from Sep. 2017 (30.02) to Sep. 2018 (39.83). It may suggest that Ocean Rig UDW delayed paying its suppliers.

Ocean Rig UDW Days Payable Historical Data

The historical data trend for Ocean Rig UDW'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.

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Ocean Rig UDW Days Payable Chart

Ocean Rig UDW Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Payable

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65.05

40.63

55.20

63.44

58.89

Ocean Rig UDW Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Days Payable	Get a 7-Day Free Trial															30.02	-	36.71	37.80	39.83

Competitive Comparison of Ocean Rig UDW's Days Payable

For the Oil & Gas Drilling subindustry, Ocean Rig UDW'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.

Ocean Rig UDW's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ocean Rig UDW's Days Payable distribution charts can be found below:

* The bar in red indicates where Ocean Rig UDW's Days Payable falls into.

Ocean Rig UDW 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.

Ocean Rig UDW's Days Payable for the fiscal year that ended in Dec. 2017 is calculated as

	Days Payable (A: Dec. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2016 )	+	Accounts Payable (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (53.891	+	41.338)	/	2 )	/	295.135	*	365
=	47.6145					/	295.135	*	365
=	58.89

Ocean Rig UDW's Days Payable for the quarter that ended in Sep. 2018 is calculated as:

	Days Payable (Q: Sep. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2018 )	+	Accounts Payable (Q: Sep. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
=	( (35.947	+	33.731)	/	2 )	/	79.807	*	365 / 4
=	34.839					/	79.807	*	365 / 4
=	39.83

Ocean Rig UDW Days Payable Related Terms

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Ocean Rig UDW (Ocean Rig UDW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ocean Rig UDW Inc (NAS:ORIG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.ocean-rig.com

Ocean Rig UDW Inc is an international offshore drilling contractor. It provides oilfield services for offshore oil and gas exploration, development and production drilling and specializing in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. The company employs drilling units primarily on a day rate basis for periods of between two months and six years to drill wells for its customers, typically major oil companies, integrated oil and gas companies, state-owned national oil companies and independent oil and gas companies.