ProPetro Holding (FRA:2PG) Days Payable : 33.58 (As of Dec. 2024)

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What is ProPetro Holding Days Payable?

ProPetro Holding's average Accounts Payable for the three months ended in Dec. 2024 was €102 Mil. ProPetro Holding's Cost of Goods Sold for the three months ended in Dec. 2024 was €278 Mil. Hence, ProPetro Holding's Days Payable for the three months ended in Dec. 2024 was 33.58.

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

FRA:2PG' s Days Payable Range Over the Past 10 Years
Min: 36.35 Med: 58.47 Max: 88.24
Current: 41.79

During the past 10 years, ProPetro Holding's highest Days Payable was 88.24. The lowest was 36.35. And the median was 58.47.

FRA:2PG's Days Payable is ranked worse than
64.76% of 874 companies
in the Oil & Gas industry
Industry Median: 60.255 vs FRA:2PG: 41.79

ProPetro Holding's Days Payable declined from Dec. 2023 (51.82) to Dec. 2024 (33.58). It may suggest that ProPetro Holding accelerated paying its suppliers.

ProPetro Holding Days Payable Historical Data

The historical data trend for ProPetro 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.

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ProPetro Holding Days Payable Chart

ProPetro Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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71.90

51.88

68.13

55.98

35.43

ProPetro Holding Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															51.82	46.87	48.86	41.46	33.58

Competitive Comparison of ProPetro Holding's Days Payable

For the Oil & Gas Equipment & Services subindustry, ProPetro 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.

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

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

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

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ProPetro 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.

ProPetro Holding's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (148.041	+	88.78)	/	2 )	/	1219.771	*	365
=	118.4105					/	1219.771	*	365
=	35.43

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

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (115.882	+	88.78)	/	2 )	/	278.076	*	365 / 4
=	102.331					/	278.076	*	365 / 4
=	33.58

ProPetro Holding Days Payable Related Terms

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ProPetro Holding Business Description

Industry

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PUMP:USA

Address

303 W. Wall Street, Suite 102, Midland, TX, USA, 79701

Website

https://www.propetroservices.com

ProPetro Holding Corp is a Texas-based oilfield services company. It provides hydraulic fracturing, wireline, and other complementary services to oil and gas companies engaged in the exploration and production of North American oil and natural gas resources. The company focused on the Permian Basin. The operating segments of the company are hydraulic fracturing which generates key revenue, wireline, cementing, and power generation service.

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