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GuruFocus has detected 6 Warning Signs with Sunoco LP $SUN.
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Sunoco LP (NYSE:SUN)
Days Payable
10.27 (As of Mar. 2017)

Sunoco LP's payable for the three months ended in Mar. 2017 was $438 Mil. Sunoco LP's cost of goods sold for the three months ended in Mar. 2017 was $3,891 Mil. Hence, Sunoco LP's days payable for the three months ended in Mar. 2017 was 10.27.

SUN' s Days Payable Range Over the Past 10 Years
Min: 6.25   Max: 16.68
Current: 10.9

6.25
16.68

During the past 7 years, Sunoco LP's highest Days Payable was 16.68. The lowest was 6.25. And the median was 9.36.

SUN's Days Payable is ranked lower than
84% of the 99 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 31.26 vs. SUN: 10.90 )

Sunoco LP's days payable declined from Mar. 2016 (13.29) to Mar. 2017 (10.27). It may suggest that Sunoco LP 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.

Sunoco LP'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
=616/13479*365
=16.68

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=438/3891*365 / 4
=10.27

* 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.

Sunoco LP Annual Data

Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 0.000.000.000.009.367.606.250.009.6116.68

Sunoco LP Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 0.002.507.619.1410.9713.2911.7211.2815.0110.27
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