KEGX (Key Energy Services) Days Payable: 19.08 (As of Sep. 2020)

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KEGX Key Energy Services Inc KEGX
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What is Key Energy Services Days Payable?

Key Energy Services KEGX 12 Days Payable is 19.08 as of Sep. 2020. GuruFocus rates KEGX with a GF Score™ of 12/100.

Key Energy Services's average Accounts Payable for the three months ended in Sep. 2020 was $8.5 Mil. Key Energy Services's Cost of Goods Sold for the three months ended in Sep. 2020 was $40.7 Mil. Hence, Key Energy Services's Days Payable for the three months ended in Sep. 2020 was 19.08.

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

KEGX's Days Payable is not ranked *
in the Oil & Gas industry.
Industry Median: 59.99
* Ranked among companies with meaningful Days Payable only.

Key Energy Services's Days Payable increased from Sep. 2019 (14.49) to Sep. 2020 (19.08). It may suggest that Key Energy Services delayed paying its suppliers.


Key Energy Services Days Payable Historical Data

* Premium members only.

The historical data trend for Key Energy Services'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.

Key Energy Services Days Payable Chart

Key Energy Services Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.10 15.18 10.53 10.18 10.42

Key Energy Services Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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 14.49 15.32 13.27 25.07 19.08

KEGX vs GEOS, NGS, PKDC: Days Payable Comparison

For the Oil & Gas Equipment & Services subindustry, Key Energy Services'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.


Key Energy Services Days Payable vs Oil & Gas Industry

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

* The bar in red indicates where Key Energy Services's Days Payable falls into.


KEGX
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Key Energy Services Inc KEGX
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Key Energy Services 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.

Key Energy Services'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
=( (13.587 + 8.7) / 2 ) / 390.431*365
=11.1435 / 390.431*365
=10.42

Key Energy Services's Days Payable for the quarter that ended in Sep. 2020 is calculated as:

Days Payable (Q: Sep. 2020 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2020 ) + Accounts Payable (Q: Sep. 2020 )) / count ) / Cost of Goods Sold (Q: Sep. 2020 )*Days in Period
=( (8.641 + 8.361) / 2 ) / 40.663*365 / 4
=8.501 / 40.663*365 / 4
=19.08

* 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 19.08 mean?
Key Energy Services (KEGX) has a Days Payable of 19.08 as of Sep. 2020. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Key Energy Services and its competitors.
Is Key Energy Services' Days Payable too high?
Key Energy Services' current Days Payable is 19.08. The Oil & Gas industry median Days Payable is 59.99. Key Energy Services' value of 19.08 is 68.2% below this industry median. Overall, Key Energy Services has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Key Energy Services' Days Payable compare to GEOS and NGS?
Key Energy Services' Days Payable of 19.08 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 59.99. Key Energy Services' value of 19.08 is 68.2% 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 59.99, based on 859 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. Key Energy Services's current Days Payable of 19.08 is 68.2% 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 Key Energy Services and its competitors. For the Oil & Gas industry, the median Days Payable is 59.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Key Energy Services's current Days Payable is 19.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Key Energy Services stock overvalued right now?
Key Energy Services (KEGX) has a current Days Payable of 19.08. The current Days Payable is 19.08 and 68.2% below the Oil & Gas industry median of 59.99. Key Energy Services' overall GF Score™ is 12/100. 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 Key Energy Services (KEGX), the current Days Payable is 19.08 as of Sep. 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.

Key Energy Services Business Description

Industry EnergyOil & Gas
Address 1301 McKinney Street, Suite 1800, Houston, TX, USA, 77010
Key Energy Services Inc is an onshore, rig-based well-servicing contractor. It provides a full range of well-services to oil companies, and independent oil and natural gas production companies. Its services include rig-based and coiled tubing-based well maintenance and workover services, well completion and re-completion services, fluid management services, fishing, and rental services, and other ancillary oilfield services. Its segment includes Rig Services, Fishing, and Rental Services, Coiled Tubing Services and Fluid Management Services within the United States. The company derives the maximum revenue from the Rig Services segment.
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