Bonanza Creek Energy (OLD) (Bonanza Creek Energy (OLD)) Days Payable : 18.66 (As of Sep. 2020)

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What is Bonanza Creek Energy (OLD) Days Payable?

Bonanza Creek Energy (OLD)'s average Accounts Payable for the three months ended in Sep. 2020 was $5.9 Mil. Bonanza Creek Energy (OLD)'s Cost of Goods Sold for the three months ended in Sep. 2020 was $28.8 Mil. Hence, Bonanza Creek Energy (OLD)'s Days Payable for the three months ended in Sep. 2020 was 18.66.

The historical rank and industry rank for Bonanza Creek Energy (OLD)'s Days Payable or its related term are showing as below:

BCEI' s Days Payable Range Over the Past 10 Years
Min: 2.58 Med: 20.83 Max: 50.93
Current: 38.63

During the past 9 years, Bonanza Creek Energy (OLD)'s highest Days Payable was 50.93. The lowest was 2.58. And the median was 20.83.

BCEI's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 59.43 vs BCEI: 38.63

Bonanza Creek Energy (OLD)'s Days Payable declined from Sep. 2019 (37.53) to Sep. 2020 (18.66). It may suggest that Bonanza Creek Energy (OLD) accelerated paying its suppliers.

Bonanza Creek Energy (OLD) Days Payable Historical Data

The historical data trend for Bonanza Creek Energy (OLD)'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.

Bonanza Creek Energy (OLD) Days Payable Chart

Bonanza Creek Energy (OLD) Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Payable

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3.87

2.62

42.32

51.41

Bonanza Creek Energy (OLD) Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Days Payable	Get a 7-Day Free Trial															37.53	51.63	53.05	37.65	18.66

Competitive Comparison of Bonanza Creek Energy (OLD)'s Days Payable

For the Oil & Gas E&P subindustry, Bonanza Creek Energy (OLD)'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.

Bonanza Creek Energy (OLD)'s Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Bonanza Creek Energy (OLD)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Bonanza Creek Energy (OLD)'s Days Payable falls into.

Bonanza Creek Energy (OLD) 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.

Bonanza Creek Energy (OLD)'s Days Payable for the fiscal year that ended in Dec. 2019 is calculated as

	Days Payable (A: Dec. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2018 )	+	Accounts Payable (A: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2019 )	*	Days in Period
=	( (11.532	+	17.117)	/	2 )	/	101.702	*	365
=	14.3245					/	101.702	*	365
=	51.41

Bonanza Creek Energy (OLD)'s Days Payable for the quarter that ended in Sep. 2020 is calculated as:

	Days Payable (Q: Sep. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2020 )	+	Accounts Payable (Q: Sep. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
=	( (8.565	+	3.229)	/	2 )	/	28.832	*	365 / 4
=	5.897					/	28.832	*	365 / 4
=	18.66

Bonanza Creek Energy (OLD) Days Payable Related Terms

Thank you for viewing the detailed overview of Bonanza Creek Energy (OLD)'s Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Bonanza Creek Energy (OLD) (Bonanza Creek Energy (OLD)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bonanza Creek Energy Inc (OLD) (NYSE:BCEI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

410 17th Street, Suite 1400, Denver, CO, USA, 80202

Website

http://www.bonanzacrk.com

Bonanza Creek Energy Inc is an exploration and production company. It is engaged in the extraction of oil and associated liquids-rich natural gas in the United States. Its operations are focused in Rocky Mountain and in the Mid-Continent region.

Executives

Sandra Garbiso	officer: Vice President and CAO	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Marter Iv Cyrus D	officer: EVP, General Counsel & Secy.	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Dean Tinsley	officer: SVP, Operations	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Eric T. Greager	director, officer: President and CEO	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Brant Demuth	officer: EVP & Chief Financial Officer	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Carrie L Hudak	director	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Jeff E Wojahn	director	CIVITAS RESOURCES, INC., 410 17TH, DENVER CO 80202
Brian Steck	director	410-17TH STREET, SUITE 1400, DENVER CO 80202
Jack E. Vaughn	director	410-17TH STREET, SUITE 1400, DENVER CO 80202
Scott D. Vogel	director	885 PARK AVENUE, NEW YORK NY 10075
Paul Keglevic	director	STELLUS CAPITAL, 10000 MEMORIAL DRIVE STE 500, HOUSTON TX 77024
Tyree Thomas B Jr	director	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Scott A Fenoglio	officer: SVP, Finance & Planning	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Ramon Moore	officer: SVP Land	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Whitebox Advisors Llc	10 percent owner	3033 EXCELSIOR BLVD., SUITE 500, MINNEAPOLIS MN 55416