Pioneer Natural Resources Co (BSP:P1IO34) Days Payable: 70.19 (As of Mar. 2024)

What is Pioneer Natural Resources Co Days Payable?

Pioneer Natural Resources Co BSP:P1IO34 4 Days Payable is 70.19 as of Mar. 2024. GuruFocus rates BSP:P1IO34 with a GF Score™ of 4/100.

Pioneer Natural Resources Co's average Accounts Payable for the three months ended in Mar. 2024 was R$12,357 Mil. Pioneer Natural Resources Co's Cost of Goods Sold for the three months ended in Mar. 2024 was R$16,065 Mil. Hence, Pioneer Natural Resources Co's Days Payable for the three months ended in Mar. 2024 was 70.19.

The historical rank and industry rank for Pioneer Natural Resources Co's Days Payable or its related term are showing as below:

BSP:P1IO34's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 57.95
* Ranked among companies with meaningful Days Payable only.

Pioneer Natural Resources Co's Days Payable declined from Mar. 2023 (81.15) to Mar. 2024 (70.19). It may suggest that Pioneer Natural Resources Co accelerated paying its suppliers.

Pioneer Natural Resources Co Days Payable Related Terms

Pioneer Natural Resources Co Days Payable Historical Data

* Premium members only.

The historical data trend for Pioneer Natural Resources Co'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.

Pioneer Natural Resources Co Days Payable Chart

Pioneer Natural Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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73.13

63.50

58.13

72.13

78.39

Pioneer Natural Resources Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															81.15	74.26	72.34	71.20	70.19

BSP:P1IO34 vs OXY, HES, EOG: Days Payable Comparison

For the Oil & Gas E&P subindustry, Pioneer Natural Resources Co'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.

Pioneer Natural Resources Co Days Payable vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Pioneer Natural Resources Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Pioneer Natural Resources Co's Days Payable falls into.

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Pioneer Natural Resources Co BSP:P1IO34

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Pioneer Natural Resources Co 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.

Pioneer Natural Resources Co'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
=	( (13832.12	+	11999.61)	/	2 )	/	60140.145	*	365
=	12915.865					/	60140.145	*	365
=	78.39

Pioneer Natural Resources Co'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
=	( (11999.61	+	12713.429)	/	2 )	/	16064.834	*	365 / 4
=	12356.5195					/	16064.834	*	365 / 4
=	70.19

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 70.19 mean?

Pioneer Natural Resources Co (BSP:P1IO34) has a Days Payable of 70.19 as of Mar. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Pioneer Natural Resources Co and its competitors.

Is Pioneer Natural Resources Co's Days Payable too high?

Pioneer Natural Resources Co's current Days Payable is 70.19. The Oil & Gas industry median Days Payable is 57.95. Pioneer Natural Resources Co's value of 70.19 is 21.1% above this industry median. Overall, Pioneer Natural Resources Co has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.

How does Pioneer Natural Resources Co's Days Payable compare to OXY and HES?

Pioneer Natural Resources Co's Days Payable of 70.19 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.95. Pioneer Natural Resources Co's value of 70.19 is 21.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Days Payable for an Oil & Gas company?

The median Days Payable among Oil & Gas companies is 57.95, based on 851 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pioneer Natural Resources Co's current Days Payable of 70.19 is 21.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Days Payable mean?

A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Pioneer Natural Resources Co and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pioneer Natural Resources Co's current Days Payable is 70.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Pioneer Natural Resources Co stock overvalued right now?

Pioneer Natural Resources Co (BSP:P1IO34) has a current Days Payable of 70.19. The current Days Payable is 70.19 and 21.1% above the Oil & Gas industry median of 57.95. Pioneer Natural Resources Co's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Days Payable calculated?

Days Payable is calculated from a company's financial statements. For Pioneer Natural Resources Co (BSP:P1IO34), the current Days Payable is 70.19 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Pioneer Natural Resources Co Business Description

Industry Energy Oil & Gas

Comparable Companies OXY HES EOG FANG DVN CTRA EQT MRO OVV TPL COP HKSE:00883 TSX:CNQ MIC:NVTK ASX:WDS TSE:1605 TSX:TOU BKK:PTTEP ASX:STO OSL:AKRBP

Address 777 Hidden Ridge, Irving, TX, USA, 75038

Website https://www.pxd.com

Headquartered in Irving, Texas, Pioneer Natural Resources is an independent oil and gas exploration and production company focusing on the Permian Basin in Texas. At year-end 2022, Pioneer's proven reserves were 2.4 billion barrels of oil equivalent with net production for the year of 650 mboe per day. Oil and natural gas liquids represented 79% of production.

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R$339.15

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