Phillips 66 Partners LP (Phillips 66 Partners LP) Days Payable : 281.57 (As of Dec. 2021)

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What is Phillips 66 Partners LP Days Payable?

Phillips 66 Partners LP's average Accounts Payable for the three months ended in Dec. 2021 was $108 Mil. Phillips 66 Partners LP's Cost of Goods Sold for the three months ended in Dec. 2021 was $35 Mil. Hence, Phillips 66 Partners LP's Days Payable for the three months ended in Dec. 2021 was 281.57.

The historical rank and industry rank for Phillips 66 Partners LP's Days Payable or its related term are showing as below:

PSXP' s Days Payable Range Over the Past 10 Years
Min: 53.68 Med: 254.42 Max: 341.66
Current: 232.46

During the past 11 years, Phillips 66 Partners LP's highest Days Payable was 341.66. The lowest was 53.68. And the median was 254.42.

PSXP's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 59.43 vs PSXP: 232.46

Phillips 66 Partners LP's Days Payable increased from Dec. 2020 (249.18) to Dec. 2021 (281.57). It may suggest that Phillips 66 Partners LP delayed paying its suppliers.

Phillips 66 Partners LP Days Payable Historical Data

The historical data trend for Phillips 66 Partners 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.

Phillips 66 Partners LP Days Payable Chart

Phillips 66 Partners LP Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

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162.05

265.17

323.94

263.61

244.63

Phillips 66 Partners LP Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Days Payable	Get a 7-Day Free Trial															249.18	222.76	189.21	223.32	281.57

Competitive Comparison of Phillips 66 Partners LP's Days Payable

For the Oil & Gas Midstream subindustry, Phillips 66 Partners 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.

Phillips 66 Partners LP's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Phillips 66 Partners LP's Days Payable distribution charts can be found below:

* The bar in red indicates where Phillips 66 Partners LP's Days Payable falls into.

Phillips 66 Partners 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.

Phillips 66 Partners LP's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (92	+	97)	/	2 )	/	141	*	365
=	94.5					/	141	*	365
=	244.63

Phillips 66 Partners LP's Days Payable for the quarter that ended in Dec. 2021 is calculated as:

	Days Payable (Q: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2021 )	+	Accounts Payable (Q: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
=	( (119	+	97)	/	2 )	/	35	*	365 / 4
=	108					/	35	*	365 / 4
=	281.57

Phillips 66 Partners LP Days Payable Related Terms

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Phillips 66 Partners LP (Phillips 66 Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Phillips 66 Partners LP (NYSE:PSXP) » Definitions » Days Payable

Comparable Companies

TCP DCP AM PAGP ENBL ETRN NS HEP VNOM FRO TSX:ENB EPD TSX:TRP KMI WMB ET MPLX CQP OKE TSX:PPL

Traded in Other Exchanges

N/A

Address

2331 CityWest Boulevard, Houston, TX, USA, 77042

Website

https://www.phillips66partners.com

Phillips 66 Partners is a master limited partnership that provides fee-based transportation, processing, storage, and fractionation services primarily to Phillips 66, which owns a 74% limited partner interest. Phillips 66 Partners' primary revenue sources are long-term, fee-based contracts to handle crude, natural gas liquids, and refined products. Phillips 66 manages and operates Phillips 66 Partners as its noneconomic general partner. Phillips 66's general partner economic interest and incentive distribution rights were eliminated in August 2019.

Executives

Mark Haney	director	3010 BRIARPARK DRIVE, HOUSTON TX 77042
Phillip David Bairrington	director	C/O PHILLIPS 66 CORPORATE LEGAL, N13 2331 CITYWEST BLVD. HOUSTON TX 77042
Paula Ann Johnson	director	600 N. DAIRY ASHFORD, HOUSTON TX 77079
Charles Douglas Johnson	director	600 N. DAIRY ASHFORD, HOUSTON TX 77079
66 Phillips	director, 10 percent owner	2331 CITYWEST BLVD., HOUSTON TX 77042
Phillips 66 Co	director, 10 percent owner	2331 CITYWEST BLVD., HOUSTON TX 77042
Phillips 66 Project Development Inc.	director, 10 percent owner	P.O. BOX 4428, HOUSTON TX 77210
Kevin J Mitchell	director, officer: Vice President & CFO	3010 BRIARPARK DRIVE, HOUSTON TX 77042
Rosy Zuklic	officer: VP & Chief Operating Officer	2331 CITYWEST BLVD. HOUSTON TX 77042
Gary Kramer Adams	director	15624 BUMBLE BEE LANE, ROGERS AR 72758
Timothy Garth Taylor	director, officer: President	P.O. BOX 268836, OKLAHOMA CITY OK 73102
Timothy D. Roberts	director	C/O PHILLIPS 66 PARTNERS LP, 3010 BRIARPARK DRIVE, HOUSTON TX 77042
Chukwuemeka A. Oyolu	officer: Vice President & Controller	3010 BRIARPARK DRIVE, HOUSTON TX 77042
J. T. Liberti	officer: VP and Chief Operating Officer	3010 BRIARPARK DRIVE HOUSTON TX 77042
Robert A Herman	director	3010 BRIARPARK DRIVE, 9TH FLOOR, HOUSTON TX 77042