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GuruFocus has detected 2 Warning Signs with Occidental Petroleum Corp $OXY.
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Occidental Petroleum Corp (NYSE:OXY)
Days Payable
260.50 (As of Mar. 2017)

Occidental Petroleum Corp's payable for the three months ended in Mar. 2017 was $4,071 Mil. Occidental Petroleum Corp's cost of goods sold for the three months ended in Mar. 2017 was $1,426 Mil. Hence, Occidental Petroleum Corp's days payable for the three months ended in Mar. 2017 was 260.50.

OXY' s Days Payable Range Over the Past 10 Years
Min: 155.7   Max: 310.11
Current: 278.57

155.7
310.11

During the past 13 years, Occidental Petroleum Corp's highest Days Payable was 310.11. The lowest was 155.70. And the median was 262.66.

OXY's Days Payable is ranked higher than
80% of the 255 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 86.03 vs. OXY: 278.57 )

Occidental Petroleum Corp's days payable increased from Mar. 2016 (199.52) to Mar. 2017 (260.50). It may suggest that Occidental Petroleum Corp delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=3926/5189*365
=276.16

Occidental Petroleum Corp's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=4071/1426*365 / 4
=260.50

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Occidental Petroleum Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 228.22155.70223.54266.05262.15263.16310.11280.55193.00276.16

Occidental Petroleum Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 275.33226.63255.56240.69206.83199.52229.30231.33270.17260.50
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