Phillips 66 (LTS:0KHZ) Days Payable : 30.65 (As of Dec. 2024)

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What is Phillips 66 Days Payable?

Phillips 66's average Accounts Payable for the three months ended in Dec. 2024 was $10,605 Mil. Phillips 66's Cost of Goods Sold for the three months ended in Dec. 2024 was $31,573 Mil. Hence, Phillips 66's Days Payable for the three months ended in Dec. 2024 was 30.65.

The historical rank and industry rank for Phillips 66's Days Payable or its related term are showing as below:

LTS:0KHZ' s Days Payable Range Over the Past 10 Years
Min: 23.82 Med: 30.22 Max: 43.61
Current: 31.39

During the past 13 years, Phillips 66's highest Days Payable was 43.61. The lowest was 23.82. And the median was 30.22.

LTS:0KHZ's Days Payable is ranked worse than
75.09% of 871 companies
in the Oil & Gas industry
Industry Median: 59.79 vs LTS:0KHZ: 31.39

Phillips 66's Days Payable declined from Dec. 2023 (31.35) to Dec. 2024 (30.65). It may suggest that Phillips 66 accelerated paying its suppliers.

Phillips 66 Days Payable Historical Data

The historical data trend for Phillips 66'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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Phillips 66 Days Payable Chart

Phillips 66 Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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43.61

24.65

23.82

31.18

29.25

Phillips 66 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															31.35	32.43	32.21	32.37	30.65

Competitive Comparison of Phillips 66's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Phillips 66'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.

Phillips 66's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Phillips 66's Days Payable distribution charts can be found below:

* The bar in red indicates where Phillips 66's Days Payable falls into.

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Phillips 66 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.

Phillips 66'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
=	( (10901	+	10304)	/	2 )	/	132325	*	365
=	10602.5					/	132325	*	365
=	29.25

Phillips 66'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
=	( (10906	+	10304)	/	2 )	/	31573	*	365 / 4
=	10605					/	31573	*	365 / 4
=	30.65

Phillips 66 Days Payable Related Terms

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Phillips 66 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Phillips 66 (LTS:0KHZ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PSX:USA 1PSX:Italy R66:Germany R66:Germany R66:Germany R66:Germany P1SX34:Brazil

Address

2331 CityWest Boulevard, Houston, TX, USA, 77042

Website

https://www.phillips66.com

Phillips 66 is an independent refiner that owns or holds interest in 11 refineries with a total crude throughput capacity of 1.8 million barrels per day, or mmb/d, at the end of 2024. The midstream segment comprises extensive transportation and NGL processing assets. It includes 70,000 miles of crude oil, refined petroleum product, NGL and natural gas pipeline systems, and a comprehensive set of refined petroleum product, NGL and crude oil terminals, gathering and processing plants and fractionation facilities and various other storage and loading facilities. Its CPChem chemical joint venture operates facilities primarily in the United States and the Middle East and produces olefins and polyolefins.

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