Patterson-UTI Energy (STU:PE1) Days Payable : 36.36 (As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Patterson-UTI Energy Days Payable?

Patterson-UTI Energy's average Accounts Payable for the three months ended in Mar. 2024 was €496 Mil. Patterson-UTI Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was €1,244 Mil. Hence, Patterson-UTI Energy's Days Payable for the three months ended in Mar. 2024 was 36.36.

The historical rank and industry rank for Patterson-UTI Energy's Days Payable or its related term are showing as below:

STU:PE1' s Days Payable Range Over the Past 10 Years
Min: 26.58 Med: 32.98 Max: 40.48
Current: 37.34

During the past 13 years, Patterson-UTI Energy's highest Days Payable was 40.48. The lowest was 26.58. And the median was 32.98.

STU:PE1's Days Payable is ranked worse than
69.67% of 900 companies
in the Oil & Gas industry
Industry Median: 61.045 vs STU:PE1: 37.34

Patterson-UTI Energy's Days Payable declined from Mar. 2023 (36.38) to Mar. 2024 (36.36). It may suggest that Patterson-UTI Energy accelerated paying its suppliers.

Patterson-UTI Energy Days Payable Historical Data

The historical data trend for Patterson-UTI Energy'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.

* Premium members only.

Patterson-UTI Energy Days Payable Chart

Patterson-UTI Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

29.74

34.41

25.97

32.53

40.10

Patterson-UTI Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															36.38	38.60	42.16	36.78	36.36

Competitive Comparison of Patterson-UTI Energy's Days Payable

For the Oil & Gas Drilling subindustry, Patterson-UTI Energy'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.

Patterson-UTI Energy's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Patterson-UTI Energy's Days Payable falls into.

Patterson-UTI Energy 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.

Patterson-UTI Energy'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
=	( (223.781	+	490.063)	/	2 )	/	3248.688	*	365
=	356.922					/	3248.688	*	365
=	40.10

Patterson-UTI Energy's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (490.063	+	501.275)	/	2 )	/	1243.927	*	365 / 4
=	495.669					/	1243.927	*	365 / 4
=	36.36

Patterson-UTI Energy Days Payable Related Terms

Thank you for viewing the detailed overview of Patterson-UTI Energy's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Patterson-UTI Energy (STU:PE1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Patterson-UTI Energy Inc (STU:PE1) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PTEN:USA

Address

10713 West Sam Houston Parkway North, Suite 800, Houston, TX, USA, 77064

Website

https://www.patenergy.com

Patterson-UTI Energy is one of the largest land rig drilling contractors in the United States and maintains moderately sized pressure-pumping operations primarily in Texas and the Appalachian region, plus some modest operations in Colombia. It also provides directional drilling services and tool rental services in most U.S. onshore oil and gas basins.

Patterson-UTI Energy (STU:PE1) Headlines

No Headlines