Parsley Energy (Parsley Energy) Days Payable : 105.03 (As of Sep. 2020)

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What is Parsley Energy Days Payable?

Parsley Energy's average Accounts Payable for the three months ended in Sep. 2020 was $271 Mil. Parsley Energy's Cost of Goods Sold for the three months ended in Sep. 2020 was $236 Mil. Hence, Parsley Energy's Days Payable for the three months ended in Sep. 2020 was 105.03.

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

PE' s Days Payable Range Over the Past 10 Years
Min: 119.54 Med: 201.53 Max: 1147.02
Current: 119.54

During the past 9 years, Parsley Energy's highest Days Payable was 1147.02. The lowest was 119.54. And the median was 201.53.

PE's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 61.27 vs PE: 119.54

Parsley Energy's Days Payable declined from Sep. 2019 (123.52) to Sep. 2020 (105.03). It may suggest that Parsley Energy accelerated paying its suppliers.

Parsley Energy Days Payable Historical Data

The historical data trend for Parsley Energy'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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Parsley Energy Days Payable Chart

Parsley Energy Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Payable

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205.15

178.27

202.37

162.04

125.27

Parsley Energy 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															123.52	125.20	107.57	158.48	105.03

Competitive Comparison of Parsley Energy's Days Payable

For the Oil & Gas E&P subindustry, Parsley Energy'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.

Parsley Energy's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Parsley Energy's Days Payable falls into.

Parsley Energy 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.

Parsley Energy'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
=	( (364.803	+	416.346)	/	2 )	/	1138.047	*	365
=	390.5745					/	1138.047	*	365
=	125.27

Parsley Energy'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
=	( (262.391	+	280.055)	/	2 )	/	235.632	*	365 / 4
=	271.223					/	235.632	*	365 / 4
=	105.03

Parsley Energy Days Payable Related Terms

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Parsley Energy (Parsley Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parsley Energy Inc (NYSE:PE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

303 Colorado Street, Suite 3000, Austin, TX, USA, 78701

Website

http://www.parsleyenergy.com

Parsley Energy is an independent oil and gas producer in the United States that operates exclusively in the Permian Basin. At the end of 2019, it reported net proven reserves of 592 million barrels of oil equivalent. Net production averaged about 140,600 barrels per day in 2018, at a ratio of 62% oil, 21% natural gas liquids, and 17% natural gas.

Executives

Bryan Sheffield	director, officer: See Remarks	500 W. TEXAS AVENUE TOWER I, SUITE 200 MIDLAND TX 79701
Roberts Colin	officer: See Remarks	500 W. TEXAS AVENUE TOWER I, SUITE 200 MIDLAND TX 79701
Ryan Dalton	officer: See Remarks	500 W. TEXAS AVENUE TOWER I, SUITE 200 MIDLAND TX 79701
Ron Brokmeyer	director	303 COLORADO STREET SUITE 3000 AUSTIN TX 78701
Vanloh S Wil Jr	director, 10 percent owner	1401 MCKINNEY STREET, SUITE 2700, HOUSTON TX 77010
Karen Parfitt Hughes	director	303 COLORADO STREET SUITE 3000 AUSTIN TX 78701
Q-jagged Peak Energy Investment Partners, Llc	director, 10 percent owner, other: See Remarks	1401 MCKINNEY STREET, SUITE 2700 HOUSTON TX 77010
Jerry Windlinger	director	303 COLORADO STREET SUITE 3000 AUSTIN TX 78701
Hemang Desai	director	221 WEST 6TH STREET SUITE 750 AUSTIN TX 78701
David Henry Smith	director	500 W. TEXAS AVENUE TOWER I, SUITE 200 MIDLAND TX 79701
James J. Kleckner	director	1201 LAKE ROBBINS DRIVE THE WOODLANDS TX 77380
William Browning	director	8066 PARK LANE, UNIT 602, DALLAS TX 75231
Qem V Llc	director, 10 percent owner, other: See Remarks	1401 MCKINNEY STREET, SUITE 2700, HOUSTON TX 77010
A R Alameddine	director	303 COLORADO STREET, SUITE 3000, AUSTIN TX 78701
Matthew Gallagher	director, officer: See Remarks	500 W. TEXAS AVENUE, TOWER I, SUITE 200, MIDLAND TX 79701