Hi-Crush (FRA:HCU) Days Payable: 47.66 (As of Jun. 2020) — 36% Above Median

What is Hi-Crush Days Payable?

Hi-Crush FRA:HCU Days Payable is 47.66 as of Jun. 2020, which is 36% above its 10-year median of 35.16. The stock has 3 warning signs investors should review.

Hi-Crush's average Accounts Payable for the three months ended in Jun. 2020 was €28.9 Mil. Hi-Crush's Cost of Goods Sold for the three months ended in Jun. 2020 was €55.4 Mil. Hence, Hi-Crush's Days Payable for the three months ended in Jun. 2020 was 47.66.

The historical rank and industry rank for Hi-Crush's Days Payable or its related term are showing as below:

FRA:HCU' s Days Payable Range Over the Past 10 Years
Min: 23 Med: 35.16 Max: 148.84
Current: 31.37

During the past 10 years, Hi-Crush's highest Days Payable was 148.84. The lowest was 23.00. And the median was 35.16.

FRA:HCU's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 57.84 vs FRA:HCU: 31.37

Hi-Crush's Days Payable increased from Jun. 2019 (25.12) to Jun. 2020 (47.66). It may suggest that Hi-Crush delayed paying its suppliers.

Hi-Crush Days Payable Related Terms

Hi-Crush Days Payable Historical Data

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The historical data trend for Hi-Crush'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.

Hi-Crush Days Payable Chart

Hi-Crush Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Payable

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32.92

37.98

27.27

34.78

35.02

Hi-Crush Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Days Payable	Get a 7-Day Free Trial															25.12	28.33	34.13	28.42	47.66

FRA:HCU vs NCSM, QES, DWSN: Days Payable Comparison

For the Oil & Gas Equipment & Services subindustry, Hi-Crush'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.

Hi-Crush Days Payable vs Oil & Gas Industry

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

* The bar in red indicates where Hi-Crush's Days Payable falls into.

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Hi-Crush 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.

Hi-Crush's Days Payable for the fiscal year that ended in Dec. 2019 is calculated as

	Days Payable (A: Dec. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2018 )	+	Accounts Payable (A: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2019 )	*	Days in Period
=	( (62.443	+	36.533)	/	2 )	/	515.756	*	365
=	49.488					/	515.756	*	365
=	35.02

Hi-Crush's Days Payable for the quarter that ended in Jun. 2020 is calculated as:

	Days Payable (Q: Jun. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2020 )	+	Accounts Payable (Q: Jun. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2020 )	*	Days in Period
=	( (40.565	+	17.267)	/	2 )	/	55.365	*	365 / 4
=	28.916					/	55.365	*	365 / 4
=	47.66

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 47.66 mean?

Hi-Crush (FRA:HCU) has a Days Payable of 47.66 as of Jun. 2020. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Hi-Crush and its competitors. This is 36% above median its historical median of 35.16. Over the past decade, Hi-Crush's Days Payable has ranged from 23.00 to 148.84.

Is Hi-Crush's Days Payable too high?

Hi-Crush's current Days Payable of 47.66 is 36% above median its 10-year median of 35.16. Over the past 10 years, this metric has ranged from a low of 23.00 to a high of 148.84. The Oil & Gas industry median Days Payable is 57.84. Hi-Crush's value of 47.66 is 17.6% below this industry median.

How does Hi-Crush's Days Payable compare to NCSM and QES?

Hi-Crush's Days Payable of 47.66 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.84. Hi-Crush's value of 47.66 is 17.6% below this benchmark. Historically, Hi-Crush's own Days Payable has ranged from 23.00 to 148.84 over the past decade. While the company's 10-year median is 35.16 vs. the industry median of 57.84, Hi-Crush has consistently been below the industry average. 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 57.84, based on 852 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. Hi-Crush's current Days Payable of 47.66 is 17.6% 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 Hi-Crush and its competitors. For the Oil & Gas industry, the median Days Payable is 57.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hi-Crush's current Days Payable is 47.66, which is 36% above median its own 10-year median of 35.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Hi-Crush stock overvalued right now?

Based on GuruFocus' analysis, Hi-Crush (FRA:HCU) is currently considered Possible Value Trap. The current Days Payable is 47.66, which is 36% above median its 10-year median of 35.16 and 17.6% below the Oil & Gas industry median of 57.84. 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 Hi-Crush (FRA:HCU), the current Days Payable is 47.66 as of Jun. 2020. 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.

Hi-Crush Business Description

Industry Energy Oil & Gas

Comparable Companies NCSM QES DWSN SDPI RNET CCLP QSEP FTSI FET NRT SLB BKR HAL SHSE:601808 MIL:TEN XAMS:VPK NOV XKLS:7277 SZSE:002353 XPAR:FTI

Address 1330 Post Oak Boulevard, Suite 600, Houston, TX, USA, 77056

Website https://www.hicrushinc.com

Hi-Crush is one of the leading suppliers of sand used in the hydraulic fracturing of oil and gas wells. It produces Northern White sand from four mines in Wisconsin and one mine in West Texas. The company delivers sand in most major basins via its extensive logistics network.