DCP Midstream LP (DCP Midstream LP) Days Payable : 37.56 (As of Mar. 2023)

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What is DCP Midstream LP Days Payable?

DCP Midstream LP's average Accounts Payable for the three months ended in Mar. 2023 was $954 Mil. DCP Midstream LP's Cost of Goods Sold for the three months ended in Mar. 2023 was $2,318 Mil. Hence, DCP Midstream LP's Days Payable for the three months ended in Mar. 2023 was 37.56.

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

DCP' s Days Payable Range Over the Past 10 Years
Min: 8.44 Med: 29.33 Max: 41.86
Current: 35.17

During the past 13 years, DCP Midstream LP's highest Days Payable was 41.86. The lowest was 8.44. And the median was 29.33.

DCP's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 60.37 vs DCP: 35.17

DCP Midstream LP's Days Payable increased from Mar. 2022 (31.92) to Mar. 2023 (37.56). It may suggest that DCP Midstream LP delayed paying its suppliers.

DCP Midstream LP Days Payable Historical Data

The historical data trend for DCP Midstream 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.

DCP Midstream LP Days Payable Chart

DCP Midstream LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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38.99

41.04

41.85

28.68

29.97

DCP Midstream LP Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Payable	Get a 7-Day Free Trial															31.92	33.19	34.10	45.38	37.56

Competitive Comparison of DCP Midstream LP's Days Payable

For the Oil & Gas Midstream subindustry, DCP Midstream 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.

DCP Midstream LP's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where DCP Midstream LP's Days Payable falls into.

DCP Midstream 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.

DCP Midstream LP's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (977	+	1199)	/	2 )	/	13250	*	365
=	1088					/	13250	*	365
=	29.97

DCP Midstream LP's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (1199	+	709)	/	2 )	/	2318	*	365 / 4
=	954					/	2318	*	365 / 4
=	37.56

DCP Midstream LP Days Payable Related Terms

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DCP Midstream LP (DCP Midstream LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DCP Midstream LP (NYSE:DCP) » Definitions » Days Payable

Comparable Companies

PAA WES MMP AM ENLC DTM ETRN FRO CEQP PAGP TSX:ENB EPD ET TSX:TRP WMB KMI LNG MPLX OKE CQP

Traded in Other Exchanges

N/A

Address

6900 E. Layton Avenue, Suite 900, Denver, CO, USA, 80237

Website

https://www.dcpmidstream.com

DCP Midstream LP is primarily a gathering and processor partnership with major asset bases in the Permian, Scoop/Stack, Eagle Ford, and DJ Basin. It also has investments in the Sand Hills natural gas liquids pipeline as well as the Gulf Coast Express gas pipeline, which both serve the growing Permian basin. The company's segment includes Logistics and Marketing and Gathering and Processing. It generates maximum revenue from the Logistics and Marketing segment.

Executives

Scott Richard Delmoro	officer: Principal Financial Officer	6900 E. LAYTON AVE, SUITE 900, DENVER CO 80237
Timothy D. Roberts	director	C/O PHILLIPS 66 PARTNERS LP, 3010 BRIARPARK DRIVE, HOUSTON TX 77042
Clifford Todd Denton	director	2331 CITYWEST BLVD., HOUSTON TX 77042
Phillips 66 Co	10 percent owner	2331 CITYWEST BLVD., HOUSTON TX 77042
66 Phillips	10 percent owner	2331 CITYWEST BLVD., HOUSTON TX 77042
Phillips 66 Project Development Inc.	10 percent owner	P.O. BOX 4428, HOUSTON TX 77210
Phillips 66 Project Shareholder Inc.	10 percent owner	2331 CITYWEST BLVD., HOUSTON TX 77042
Phillips Gas Co Llc	10 percent owner	2331 CITYWEST BLVD., HOUSTON TX 77042
Kevin J Mitchell	director	3010 BRIARPARK DRIVE, HOUSTON TX 77042
William L. Johnson	officer: President	370 17TH STREET, SUITE 2500, DENVER CO 80202
George R. Green	officer: Group VP & General Counsel	370 17TH STREET, SUITE 2500, DENVER CO 80202
Heather Crowder	director	370 17TH STREET, SUITE 2500, DENVER CO 80202
Stephen J Neyland	director	5400 WESTHEIMER COURT, HOUSTON TX 77056
Sean O'brien	officer: Group Vice President and CFO	370 17TH STREET, SUITE 2500, DENVER CO 80202
Richard A. Loving	officer: Vice President and Controller	370 17TH STREET, SUITE 2500, DENVER CO 80202