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Magellan Midstream Partners LP's average Accounts Payable for the three months ended in Jun. 2023 was $132 Mil. Magellan Midstream Partners LP's Cost of Goods Sold for the three months ended in Jun. 2023 was $353 Mil. Hence, Magellan Midstream Partners LP's Days Payable for the three months ended in Jun. 2023 was 34.20.
The historical rank and industry rank for Magellan Midstream Partners LP's Days Payable or its related term are showing as below:
During the past 13 years, Magellan Midstream Partners LP's highest Days Payable was 66.80. The lowest was 28.13. And the median was 46.79.
Magellan Midstream Partners LP's Days Payable increased from Jun. 2022 (31.67) to Jun. 2023 (34.20). It may suggest that Magellan Midstream Partners LP delayed paying its suppliers.
The historical data trend for Magellan Midstream 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.
Magellan Midstream Partners LP Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Days Payable | Get a 7-Day Free Trial | 45.86 | 66.80 | 63.88 | 37.57 | 28.13 |
Magellan Midstream Partners LP Quarterly Data | ||||||||||||||||||||
Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
Days Payable | Get a 7-Day Free Trial | 31.67 | 38.18 | 24.96 | 28.54 | 34.20 |
For the Oil & Gas Midstream subindustry, Magellan Midstream 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.
For the Oil & Gas industry and Energy sector, Magellan Midstream Partners LP's Days Payable distribution charts can be found below:
* The bar in red indicates where Magellan Midstream Partners LP's Days Payable falls into.
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.
Magellan Midstream 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 |
= | ( (109.5 | + | 108.2) | / | 2 ) | / | 1412.2 | * | 365 |
= | 108.85 | / | 1412.2 | * | 365 | ||||
= | 28.13 |
Magellan Midstream Partners LP's Days Payable for the quarter that ended in Jun. 2023 is calculated as:
Days Payable (Q: Jun. 2023 ) | |||||||||
= | Average Accounts Payable | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Accounts Payable (Q: Mar. 2023 ) | + | Accounts Payable (Q: Jun. 2023 )) | / | count ) | / | Cost of Goods Sold (Q: Jun. 2023 ) | * | Days in Period |
= | ( (126.9 | + | 137.7) | / | 2 ) | / | 353 | * | 365 / 4 |
= | 132.3 | / | 353 | * | 365 / 4 | ||||
= | 34.20 |
* 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.
Thank you for viewing the detailed overview of Magellan Midstream Partners LP's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.
James R Hoskin | officer: Senior Vice President | ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172 |
James R Montague | director | FIVE RADNOR CORPORATE CENTER, SUITE 500, RADNOR PA 19087 |
Kyle T Krshka | officer: Senior Vice President | ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172 |
Sivasankaran Somasundaram | director | C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381 |
Melanie A Little | officer: Senior Vice President | ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172 |
Mark B Roles | officer: Senior Vice President | ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172 |
Lisa J Korner | officer: Vice President | ONE WILLIAMS CENTER, MD 28-1, TULSA OK 74172 |
Chansoo Joung | director | C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017 |
Jeff R Selvidge | officer: Senior Vice President | ONE WILLIAMS CENTER SUITE 2800, TULSA OK 74172 |
Douglas J May | officer: Senior Vice President | ONE WILLIAMS CENTER, SUITE 4100, TULSA OK 74172 |
Robert G Croyle | director | ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172 |
Michael C Pearson | officer: Senior Vice President | ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172 |
Jeffrey L Holman | officer: Senior Vice President & CFO | ONE WILLIAMS CENTER, TULSA OK 74172 |
Michael N Mears | officer: Vice President | ONE WILLIAMS CENTER, MD 28-1, TULSA OK 74172 |
Lori Gobillot | director | 5103 CITY WEST BLVD., 4TH FLOOR, HOUSTON TX 77042 |
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