USDP (USD Partners LP) Days Payable: 49.53 (As of Sep. 2023)


USDP USD Partners LP USDP
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What is USD Partners LP Days Payable?

USD Partners LP USDP +200.00% 12 Days Payable is 49.53 as of Sep. 2023. GuruFocus rates USDP with a GF Score™ of 12/100.

USD Partners LP's average Accounts Payable for the three months ended in Sep. 2023 was $4.27 Mil. USD Partners LP's Cost of Goods Sold for the three months ended in Sep. 2023 was $7.87 Mil. Hence, USD Partners LP's Days Payable for the three months ended in Sep. 2023 was 49.53.

The historical rank and industry rank for USD Partners LP's Days Payable or its related term are showing as below:

USDP's Days Payable is not ranked *
in the Transportation industry.
Industry Median: 38.905
* Ranked among companies with meaningful Days Payable only.

USD Partners LP's Days Payable increased from Sep. 2022 (36.46) to Sep. 2023 (49.53). It may suggest that USD Partners LP delayed paying its suppliers.

USD Partners LP Days Payable Historical Data

* Premium members only.

The historical data trend for USD Partners LP'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.

USD Partners LP Days Payable Chart

USD Partners LP Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.49 18.39 11.29 40.73 65.09

USD Partners LP Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 36.46 29.79 36.76 38.54 49.53

USDP vs RVSN, PNYG, RAIL: Days Payable Comparison

For the Railroads subindustry, USD Partners LP'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.

USD Partners LP Days Payable vs Transportation Industry

For the Transportation industry and Industrials sector, USD Partners LP's Days Payable distribution charts can be found below:

* The bar in red indicates where USD Partners LP's Days Payable falls into.


USDP
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USD Partners LP USDP
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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USD Partners LP 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.

USD Partners LP's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (21.837 + 4.536) / 2 ) / 73.943*365
=13.1865 / 73.943*365
=65.09

USD Partners LP's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

Days Payable (Q: Sep. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2023 ) + Accounts Payable (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (3.483 + 5.062) / 2 ) / 7.872*365 / 4
=4.2725 / 7.872*365 / 4
=49.53

* 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 49.53 mean?
USD Partners LP (USDP) has a Days Payable of 49.53 as of Sep. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on USD Partners LP and its competitors.
Is USD Partners LP's Days Payable too high?
USD Partners LP's current Days Payable is 49.53. The Transportation industry median Days Payable is 38.91. USD Partners LP's value of 49.53 is 27.3% above this industry median. Overall, USD Partners LP has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does USD Partners LP's Days Payable compare to RVSN and PNYG?
USD Partners LP's Days Payable of 49.53 can be compared against companies in the Transportation industry. The industry median Days Payable is 38.91. USD Partners LP's value of 49.53 is 27.3% above 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 a Transportation company?
The median Days Payable among Transportation companies is 38.91, based on 972 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. USD Partners LP's current Days Payable of 49.53 is 27.3% above 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 USD Partners LP and its competitors. For the Transportation industry, the median Days Payable is 38.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. USD Partners LP's current Days Payable is 49.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is USD Partners LP stock overvalued right now?
USD Partners LP (USDP) has a current Days Payable of 49.53. The current Days Payable is 49.53 and 27.3% above the Transportation industry median of 38.91. USD Partners LP's 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 USD Partners LP (USDP), the current Days Payable is 49.53 as of Sep. 2023. 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.

USD Partners LP Business Description

Address 811 Main Street, Suite 2800, Houston, TX, USA, 77002
USD Partners LP is formed to acquire, develop and operate midstream infrastructure and complementary logistics solutions for crude oil, biofuels, and other energy-related products. The company's network of crude oil terminals facilitates the transportation of heavy crude oil from Western Canada to key demand centers across North America. The company's operations include railcar loading and unloading, storage and blending in on-site tanks, inbound and outbound pipeline connectivity, truck transloading and other related logistics services. The company also provides one of the customers with leased railcars and fleet services to facilitate the transportation of liquid hydrocarbons by rail. The company manages its business in two reportable segments: Terminalling services and Fleet services.
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