HKN (HKNI) Days Payable : 3.18 (As of Dec. 2016)

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What is HKN Days Payable?

HKN's average Accounts Payable for the three months ended in Dec. 2016 was $0.01 Mil. HKN's Cost of Goods Sold for the three months ended in Dec. 2016 was $0.30 Mil. Hence, HKN's Days Payable for the three months ended in Dec. 2016 was 3.18.

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

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

HKN's Days Payable declined from Sep. 2015 (130.65) to Dec. 2016 (3.18). It may suggest that HKN accelerated paying its suppliers.

HKN Days Payable Historical Data

The historical data trend for HKN'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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HKN Days Payable Chart

HKN Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Days Payable

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1,817.55

944.81

976.96

81.22

38.64

HKN Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Jun16	Sep16	Dec16
Days Payable	Get a 7-Day Free Trial															130.65	8.82	-	80.19	3.18

Competitive Comparison of HKN's Days Payable

For the Oil & Gas E&P subindustry, HKN'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.

HKN's Days Payable Distribution in the Oil & Gas Industry

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

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

HKN 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.

HKN's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

	Days Payable (A: Dec. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2015 )	+	Accounts Payable (A: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2016 )	*	Days in Period
=	( (0.076	+	0.007)	/	2 )	/	0.392	*	365
=	0.0415					/	0.392	*	365
=	38.64

HKN's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

	Days Payable (Q: Dec. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2016 )	+	Accounts Payable (Q: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2016 )	*	Days in Period
=	( (0.014	+	0.007)	/	2 )	/	0.301	*	365 / 4
=	0.0105					/	0.301	*	365 / 4
=	3.18

HKN Days Payable Related Terms

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HKN (HKNI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » HKN Inc (OTCPK:HKNI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 State Street, Suite 200, Southlake, TX, USA, 76092

Website

http://www.hkninc.com

HKN Inc is an independent energy company. The company is engaged in the production of oil and gas. It has one reportable segment which consists of investment in BriteWater International, Inc (BWI). The segment owns a patented oilfield emulsion breaking technology. BWI's technology is a process that assists in oilfield emulsions by breaking and separating the emulsions into oil, water, and solids, thereby reducing the environmental impact and disposal costs of the waste materials while recovering valuable oil.

Executives

Mikel D Faulkner	director, officer: President and CEO	180 STATE STREET 200, SOUTHLAKE TX 76092
Denny James W Iii	other: Officer/EE of 100% owned sub	675 BERING DRIVE, SUITE 100, HOUSTON TX 77057

HKN (HKNI) Headlines

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