Parker Drilling Co (Parker Drilling Co) Days Payable : 51.27 (As of Dec. 2019)

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What is Parker Drilling Co Days Payable?

Parker Drilling Co's average Accounts Payable for the three months ended in Dec. 2019 was $81.4 Mil. Parker Drilling Co's Cost of Goods Sold for the three months ended in Dec. 2019 was $144.8 Mil. Hence, Parker Drilling Co's Days Payable for the three months ended in Dec. 2019 was 51.27.

The historical rank and industry rank for Parker Drilling Co's Days Payable or its related term are showing as below:

PKDC's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 61.41
* Ranked among companies with meaningful Days Payable only.

Parker Drilling Co's Days Payable declined from Dec. 2018 (52.03) to Dec. 2019 (51.27). It may suggest that Parker Drilling Co accelerated paying its suppliers.

Parker Drilling Co Days Payable Historical Data

The historical data trend for Parker Drilling Co'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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Parker Drilling Co Days Payable Chart

Parker Drilling Co Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Payable

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36.60

32.15

30.51

30.80

Parker Drilling Co Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Days Payable	Get a 7-Day Free Trial															52.03	24.80	83.16	75.77	51.27

Competitive Comparison of Parker Drilling Co's Days Payable

For the Oil & Gas Equipment & Services subindustry, Parker Drilling Co'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.

Parker Drilling Co's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Parker Drilling Co's Days Payable falls into.

Parker Drilling Co 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.

Parker Drilling Co'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
=	( (39.678	+	55.104)	/	2 )	/	561.647	*	365
=	47.391					/	561.647	*	365
=	30.80

Parker Drilling Co's Days Payable for the quarter that ended in Dec. 2019 is calculated as:

	Days Payable (Q: Dec. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2019 )	+	Accounts Payable (Q: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2019 )	*	Days in Period
=	( (107.638	+	55.104)	/	2 )	/	144.819	*	365 / 4
=	81.371					/	144.819	*	365 / 4
=	51.27

Parker Drilling Co Days Payable Related Terms

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Parker Drilling Co (Parker Drilling Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parker Drilling Co (OTCPK:PKDC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Greenway Plaza, Suite 100, Houston, TX, USA, 77046

Website

https://www.parkerdrilling.com

Parker Drilling Co is a provider of contract drilling and drilling-related services as well as rental tools and services. It reports its Drilling Services business into two segments namely U.S. (Lower 48) Drilling and International & Alaska Drilling. For Rental Tools Services business reports two segments namely U.S. Rental Tools and International Rental Tools. In the Drilling Services business, the company drill oil, natural gas, and geothermal wells. In Rental business, it provides rental equipment and services to exploration & production companies, drilling contractors and service companies on land and offshore in the United States.