Magnolia Oil & Gas (Magnolia Oil & Gas) Days Payable : 126.00 (As of Dec. 2023)

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What is Magnolia Oil & Gas Days Payable?

Magnolia Oil & Gas's average Accounts Payable for the three months ended in Dec. 2023 was $188 Mil. Magnolia Oil & Gas's Cost of Goods Sold for the three months ended in Dec. 2023 was $136 Mil. Hence, Magnolia Oil & Gas's Days Payable for the three months ended in Dec. 2023 was 126.00.

The historical rank and industry rank for Magnolia Oil & Gas's Days Payable or its related term are showing as below:

MGY' s Days Payable Range Over the Past 10 Years
Min: 44.98 Med: 119.88 Max: 161.11
Current: 142.33

During the past 8 years, Magnolia Oil & Gas's highest Days Payable was 161.11. The lowest was 44.98. And the median was 119.88.

MGY's Days Payable is ranked better than
75.8% of 901 companies
in the Oil & Gas industry
Industry Median: 60.37 vs MGY: 142.33

Magnolia Oil & Gas's Days Payable declined from Dec. 2022 (191.85) to Dec. 2023 (126.00). It may suggest that Magnolia Oil & Gas accelerated paying its suppliers.

Magnolia Oil & Gas Days Payable Historical Data

The historical data trend for Magnolia Oil & Gas'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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Magnolia Oil & Gas Days Payable Chart

Magnolia Oil & Gas Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.98

68.76

119.88

161.11

150.50

Magnolia Oil & Gas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															191.85	158.84	143.14	136.26	126.00

Competitive Comparison of Magnolia Oil & Gas's Days Payable

For the Oil & Gas E&P subindustry, Magnolia Oil & Gas'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.

Magnolia Oil & Gas's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Magnolia Oil & Gas's Days Payable falls into.

Magnolia Oil & Gas 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.

Magnolia Oil & Gas's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (202.846	+	193.212)	/	2 )	/	480.281	*	365
=	198.029					/	480.281	*	365
=	150.50

Magnolia Oil & Gas's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (183.341	+	193.212)	/	2 )	/	136.353	*	365 / 4
=	188.2765					/	136.353	*	365 / 4
=	126.00

Magnolia Oil & Gas Days Payable Related Terms

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Magnolia Oil & Gas (Magnolia Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Magnolia Oil & Gas Corp (NYSE:MGY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nine Greenway Plaza, Suite 1300, Houston, TX, USA, 77046

Website

https://www.magnoliaoilgas.com

Magnolia Oil & Gas Corp is an independent oil and natural gas company engaged in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquid (NGL) reserves. The Company's oil and natural gas properties are located in Karnes County and the Giddings area in South Texas, where the Company targets the Eagle Ford Shale and Austin Chalk formations. Its objective is to generate stock market value over the long term through consistent organic production growth, high full-cycle operating margins, and an efficient capital program with short economic paybacks. The company's operating segment is acquisition, development, exploration, and production of oil and natural gas properties located in the United States.

Executives

James R Larson	director	CSI COMPRESSCO LP, 1735 HUGHES LANDING BLVD STE 200, THE WOODLANDS TX 77380
Enervest, Ltd.	director, 10 percent owner	1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002
John B Walker	director, 10 percent owner	NINE GREENWAY PLAZA, SUITE 1300, HOUSTON TX 77046
Brian Corales	officer: SVP & Chief Financial Officer	C/O MAGNOLIA OIL & GAS CORPORATION, NINE GREENWAY PLAZA, SUITE 1300, HOUSTON TX 77046
Stephen I Chazen	director, officer: Chairman, President & CEO	1700 E. PUTNAM AVE, SUITE 500, OLD GREENWICH CT 06870
Enervest Energy Institutional Fund Xiv-c, L.p.	10 percent owner	1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002
Angela M Busch	director	1 ECOLAB PLACE, SAINT PAUL MN 55102
Enervest Management Gp, L.c.	10 percent owner	1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002
Enervest Investment Services, L.l.c.	10 percent owner	1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002
Enervest Energy Institutional Fund Xiv-wic, L.p.	10 percent owner	1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002
Enervest Energy Institutional Fund Xiv-3a, L.p.	10 percent owner	1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002
Enervest Energy Institutional Fund Xiv-2a, L.p.	10 percent owner	1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002
Enervest Energy Institutional Fund Xiv-a, L.p.	10 percent owner	1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002
Enervest Energy Institutional Fund Xiv-c-aiv, L.p.	10 percent owner	1001 FANNIN STREET, SUITE 800, HOUSTON TX 77002
Michael G. Macdougall	director	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102