Range Resources (FRA:RAX) Days Payable : 27.50 (As of Mar. 2024)

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What is Range Resources Days Payable?

Range Resources's average Accounts Payable for the three months ended in Mar. 2024 was €120 Mil. Range Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was €397 Mil. Hence, Range Resources's Days Payable for the three months ended in Mar. 2024 was 27.50.

The historical rank and industry rank for Range Resources's Days Payable or its related term are showing as below:

FRA:RAX' s Days Payable Range Over the Past 10 Years
Min: 28.63 Med: 38.08 Max: 99.56
Current: 30.05

During the past 13 years, Range Resources's highest Days Payable was 99.56. The lowest was 28.63. And the median was 38.08.

FRA:RAX's Days Payable is ranked worse than
76.31% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs FRA:RAX: 30.05

Range Resources's Days Payable declined from Mar. 2023 (38.02) to Mar. 2024 (27.50). It may suggest that Range Resources accelerated paying its suppliers.

Range Resources Days Payable Historical Data

The historical data trend for Range Resources'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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Range Resources Days Payable Chart

Range Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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30.18

31.31

27.76

32.38

33.43

Range Resources 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															38.02	34.71	28.36	25.35	27.50

Competitive Comparison of Range Resources's Days Payable

For the Oil & Gas E&P subindustry, Range Resources'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.

Range Resources's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Range Resources's Days Payable falls into.

Range Resources 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.

Range Resources'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
=	( (195.161	+	100.993)	/	2 )	/	1616.74	*	365
=	148.077					/	1616.74	*	365
=	33.43

Range Resources'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
=	( (100.993	+	138.46)	/	2 )	/	397.234	*	365 / 4
=	119.7265					/	397.234	*	365 / 4
=	27.50

Range Resources Days Payable Related Terms

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Range Resources (FRA:RAX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Range Resources Corp (FRA:RAX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RRC:USA RAX:Germany

Address

100 Throckmorton Street, Suite 1200, Fort Worth, TX, USA, 76102

Website

https://www.rangeresources.com

Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2022, Range's proved reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.1 billion cubic feet equivalent per day. Natural gas accounted for 70% of production.