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GuruFocus has detected 1 Warning Sign with Transocean Ltd $RIG.
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Transocean Ltd (NYSE:RIG)
Days Payable
43.10 (As of Mar. 2017)

Transocean Ltd's payable for the three months ended in Mar. 2017 was $162 Mil. Transocean Ltd's cost of goods sold for the three months ended in Mar. 2017 was $343 Mil. Hence, Transocean Ltd's days payable for the three months ended in Mar. 2017 was 43.10.

RIG' s Days Payable Range Over the Past 10 Years
Min: 38.07   Max: 105.65
Current: 38.07

38.07
105.65

During the past 13 years, Transocean Ltd's highest Days Payable was 105.65. The lowest was 38.07. And the median was 59.25.

RIG's Days Payable is ranked lower than
59% of the 41 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 45.16 vs. RIG: 38.07 )

Transocean Ltd's days payable declined from Mar. 2016 (51.55) to Mar. 2017 (43.10). It may suggest that Transocean Ltd accelerated 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.

Transocean Ltd'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
=206/1875*365
=40.10

Transocean Ltd's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=162/343*365 / 4
=43.10

* 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.

Transocean Ltd Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 105.6562.3055.3971.9851.9865.2372.5756.1156.2040.10

Transocean Ltd Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 55.0352.11270.9744.8052.2951.5550.9258.0561.4343.10
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