ProFrac Holding (ProFrac Holding) Days Payable : 56.34 (As of Mar. 2024)

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What is ProFrac Holding Days Payable?

ProFrac Holding's average Accounts Payable for the three months ended in Mar. 2024 was $300 Mil. ProFrac Holding's Cost of Goods Sold for the three months ended in Mar. 2024 was $487 Mil. Hence, ProFrac Holding's Days Payable for the three months ended in Mar. 2024 was 56.34.

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

ACDC' s Days Payable Range Over the Past 10 Years
Min: 48.25 Med: 52.82 Max: 69.6
Current: 69.6

During the past 4 years, ProFrac Holding's highest Days Payable was 69.60. The lowest was 48.25. And the median was 52.82.

ACDC's Days Payable is ranked better than
54.56% of 900 companies
in the Oil & Gas industry
Industry Median: 61.045 vs ACDC: 69.60

ProFrac Holding's Days Payable declined from Mar. 2023 (59.41) to Mar. 2024 (56.34). It may suggest that ProFrac Holding accelerated paying its suppliers.

ProFrac Holding Days Payable Historical Data

The historical data trend for ProFrac Holding'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.

ProFrac Holding Days Payable Chart

ProFrac Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

48.25

54.71

50.93

56.05

ProFrac Holding Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									59.41	74.38	72.83	69.93	56.34

Competitive Comparison of ProFrac Holding's Days Payable

For the Oil & Gas Equipment & Services subindustry, ProFrac Holding'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.

ProFrac Holding's Days Payable Distribution in the Oil & Gas Industry

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

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

ProFrac Holding 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.

ProFrac Holding's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (339.4	+	319)	/	2 )	/	2143.6	*	365
=	329.2					/	2143.6	*	365
=	56.05

ProFrac Holding's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (319	+	281.8)	/	2 )	/	486.5	*	365 / 4
=	300.4					/	486.5	*	365 / 4
=	56.34

ProFrac Holding Days Payable Related Terms

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ProFrac Holding (ProFrac Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ProFrac Holding Corp (NAS:ACDC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 Shops Boulevard, Suite 301, Willow Park, TX, USA, 76087

Website

https://www.profrac.com

ProFrac Holding Corp is engaged in providing hydraulic fracturing, completion services, and other complementary products and services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. Its operations are primarily focused in West Texas, East Texas/Louisiana, South Texas, Oklahoma, Uinta, and Appalachian. The company operates in three segments: stimulation services, manufacturing, and proppant production. Stimulation services, which generate the majority of the revenue for the company operate a fleet of mobile hydraulic fracturing units and other auxiliary equipment that generates revenue by providing stimulation services.

Executives

Thrc Holdings, Lp	director, 10 percent owner, other: Director by Deputization	17018 INTERSTATE 20, CISCO TX 76437
Farris Wilks	director, 10 percent owner, other: Director by Deputization	17018 INTERSTATE 20, CISCO TX 76437
Heather N Klein	officer: Chief Administrative Officer	C/O PROFRAC HOLDING CORP., 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Robert J Willette	officer: Chief Legal Officer, Secretary	333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Matthew Wilks	director, officer: See Remarks	17010 IH-20, CISCO TX 76437
Johnathan Ladd Wilks	officer: Chief Executive Officer	17010 INTERSTATE 20, CISCO TX 76437
Phillip Blaine Wilbanks	officer: Chief Operating Officer	333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Matthew A Greenwood	officer: Chief Commercial Officer	C/O PROFRAC HOLDING CORP., 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Sergei Krylov	director	6500 WEST FREEWAY, SUITE 800, FORT WORTH TX 76116
Stacy Durbin Nieuwoudt	director	20475 SH 249, SUITE 300, HOUSTON TX 77070
Gerald W Haddock	director	C/O ENSCO, 5847 SAN FELIPE, HOUSTON TX 77057
Theresa Glebocki	director	C/O TROPICANA ENTERTAINMENT INC., 8345 W. SUNSET ROAD, SUITE 200, LAS VEGAS NV 89113
Jo Ann Wilks	director, 10 percent owner, other: Director by Deputization	17018 IH-20, CISCO TX 76437
Farris & Jo Ann Wilks 2022 Family Trust	director, 10 percent owner, other: Director by Deputization	17018 IH-20, CISCO TX 76437
Randle James Coy Jr	officer: Chief Operating Officer	PO BOX 1966, PALESTINE TX 75802