Weatherford International (Weatherford International) Days Payable : 65.93 (As of Dec. 2023)

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What is Weatherford International Days Payable?

Weatherford International's average Accounts Payable for the three months ended in Dec. 2023 was $650 Mil. Weatherford International's Cost of Goods Sold for the three months ended in Dec. 2023 was $899 Mil. Hence, Weatherford International's Days Payable for the three months ended in Dec. 2023 was 65.93.

The historical rank and industry rank for Weatherford International's Days Payable or its related term are showing as below:

WFRD' s Days Payable Range Over the Past 10 Years
Min: 47.37 Med: 61.15 Max: 64.2
Current: 59.41

During the past 13 years, Weatherford International's highest Days Payable was 64.20. The lowest was 47.37. And the median was 61.15.

WFRD's Days Payable is ranked worse than
50.11% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs WFRD: 59.41

Weatherford International's Days Payable increased from Dec. 2022 (50.03) to Dec. 2023 (65.93). It may suggest that Weatherford International delayed paying its suppliers.

Weatherford International Days Payable Historical Data

The historical data trend for Weatherford International'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.

Weatherford International Days Payable Chart

Weatherford International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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62.38

59.16

47.37

50.76

61.23

Weatherford International 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															50.03	55.56	54.08	59.59	65.93

Competitive Comparison of Weatherford International's Days Payable

For the Oil & Gas Equipment & Services subindustry, Weatherford International'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.

Weatherford International's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Weatherford International's Days Payable falls into.

Weatherford International 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.

Weatherford International'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
=	( (460	+	679)	/	2 )	/	3395	*	365
=	569.5					/	3395	*	365
=	61.23

Weatherford International'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
=	( (620	+	679)	/	2 )	/	899	*	365 / 4
=	649.5					/	899	*	365 / 4
=	65.93

Weatherford International Days Payable Related Terms

Thank you for viewing the detailed overview of Weatherford International's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Weatherford International (Weatherford International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Weatherford International PLC (NAS:WFRD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0WE:Germany

Address

2000 St. James Place, Houston, TX, USA, 77056

Website

https://www.weatherford.com

Weatherford International provides diversified oilfield services worldwide for an array of oilfield types. The firm is a global market leader in artificial lift and tubular running services. Other key product lines include cementing products, directional drilling, and wireline evaluation.

Executives

Joseph H Mongrain	officer: EVP and CHRO	2000 ST. JAMES PLACE, HOUSTON TX 77056
Girish Saligram	director, officer: President and CEO	2000 ST. JAMES PLACE, HOUSTON TX 77056
Desmond J Mills	officer: VP & Chief Accounting Officer	2000 ST. JAMES PLACE, HOUSTON TX 77056
Scott C Weatherholt	officer: EVP, GC & CCO	321 SOUTH BOSTON AVE., SUITE 1000, TULSA OK 74103
Arunava Mitra	officer: EVP and CFO	2000 ST. JAMES PLACE, HOUSTON TX 77056
Charles Davison	officer: EVP - Operational Excellence	2000 ST. JAMES PLACE, HOUSTON TX 77056
H. Keith Jennings	officer: EVP and CFO	2000 ST. JAMES PLACE, HOUSTON TX 77056
Benjamin Duster	director	200 E. 84ST, 8TH FLOOR, NEW YORK NY 10028
Mark D Swift	officer: President - Western Hemisphere	2000 ST. JAMES PLACE, HOUSTON TX 77056
Christian A Garcia	officer: Chief Financial Officer	3000 N. SAM HOUSTON PARKWAY E., BLDG. J-4, HOUSTON TX 77032
John F Glick	director	TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Charles M Sledge	director	1611 SCENIC MOUNTAIN COURT, KINGWOOD TX 77345
Neal P Goldman	director	10700 PARKRIDGE BLVD., RESTON VA 20191
Bates Thomas R Jr	director	TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Gordon T Hall	director	3300 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032-3411