ENGY (Central Energy Partners LP) Days Payable: 56.62 (As of Jun. 2015)


What is Central Energy Partners LP Days Payable?

Central Energy Partners LP ENGY Days Payable is 56.62 as of Jun. 2015.

Central Energy Partners LP's average Accounts Payable for the three months ended in Jun. 2015 was $0.66 Mil. Central Energy Partners LP's Cost of Goods Sold for the three months ended in Jun. 2015 was $1.07 Mil. Hence, Central Energy Partners LP's Days Payable for the three months ended in Jun. 2015 was 56.62.

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

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

Central Energy Partners LP's Days Payable declined from Jun. 2014 (113.02) to Jun. 2015 (56.62). It may suggest that Central Energy Partners LP accelerated paying its suppliers.

Central Energy Partners LP Days Payable Historical Data

* Premium members only.

The historical data trend for Central Energy 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.

Central Energy Partners LP Days Payable Chart

Central Energy Partners LP Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 103.09 98.59 137.34 170.00 91.78

Central Energy Partners LP Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 85.10 76.40 70.66 56.62 39.48

ENGY vs PGAS, SNMP, MRGE: Days Payable Comparison

For the Oil & Gas Midstream subindustry, Central Energy 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.

Central Energy Partners LP Days Payable vs Oil & Gas Industry

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

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


Central Energy 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.

Central Energy Partners LP's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable (A: Dec. 2014 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2013 ) + Accounts Payable (A: Dec. 2014 )) / count ) / Cost of Goods Sold (A: Dec. 2014 )*Days in Period
=( (1.418 + 0.645) / 2 ) / 4.102*365
=1.0315 / 4.102*365
=91.78

Central Energy Partners LP's Days Payable for the quarter that ended in Jun. 2015 is calculated as:

Days Payable (Q: Jun. 2015 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2015 ) + Accounts Payable (Q: Jun. 2015 )) / count ) / Cost of Goods Sold (Q: Jun. 2015 )*Days in Period
=( (0.879 + 0.45) / 2 ) / 1.071*365 / 4
=0.6645 / 1.071*365 / 4
=56.62

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 56.62 mean?
Central Energy Partners LP (ENGY) has a Days Payable of 56.62 as of Jun. 2015. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Central Energy Partners LP and its competitors.
Is Central Energy Partners LP's Days Payable too high?
Central Energy Partners LP's current Days Payable is 56.62. The Oil & Gas industry median Days Payable is 57.95. Central Energy Partners LP's value of 56.62 is 2.3% below this industry median.
How does Central Energy Partners LP's Days Payable compare to PGAS and SNMP?
Central Energy Partners LP's Days Payable of 56.62 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.95. Central Energy Partners LP's value of 56.62 is 2.3% below 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 849 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. Central Energy Partners LP's current Days Payable of 56.62 is 2.3% below 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 Central Energy Partners LP 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. Central Energy Partners LP's current Days Payable is 56.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Central Energy Partners LP stock overvalued right now?
Central Energy Partners LP (ENGY) has a current Days Payable of 56.62. The current Days Payable is 56.62 and 2.3% below the Oil & Gas industry median of 57.95. 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 Central Energy Partners LP (ENGY), the current Days Payable is 56.62 as of Jun. 2015. 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.

Central Energy Partners LP Business Description

Industry EnergyOil & Gas
Address 4809 Cole Avenue, Suite 108, Dallas, TX, USA, 75205
Central Energy Partners LP provides liquid bulk storage, trans-loading, and transportation services for hazardous chemicals and petroleum products. Its key activities include the storage, transportation and railcar trans-loading of bulk liquids, including hazardous chemicals and petroleum products. It transports a range of hazardous products, such as aluminum sulfate solution, hydrochloric acid, sulfuric acid, aqua ammonia, sodium bisulfate and fuel blends.