FANG (Diamondback Energy) Days Payable : 20.87 (As of Jun. 2024)

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What is Diamondback Energy Days Payable?

Diamondback Energy's average Accounts Payable for the three months ended in Jun. 2024 was $287 Mil. Diamondback Energy's Cost of Goods Sold for the three months ended in Jun. 2024 was $1,255 Mil. Hence, Diamondback Energy's Days Payable for the three months ended in Jun. 2024 was 20.87.

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

FANG' s Days Payable Range Over the Past 10 Years
Min: 7.88 Med: 22.3 Max: 47.11
Current: 25.23

During the past 13 years, Diamondback Energy's highest Days Payable was 47.11. The lowest was 7.88. And the median was 22.30.

FANG's Days Payable is ranked worse than
81.33% of 884 companies
in the Oil & Gas industry
Industry Median: 59.28 vs FANG: 25.23

Diamondback Energy's Days Payable declined from Jun. 2023 (26.36) to Jun. 2024 (20.87). It may suggest that Diamondback Energy accelerated paying its suppliers.

Diamondback Energy Days Payable Historical Data

The historical data trend for Diamondback 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.

Diamondback Energy Days Payable Chart

Diamondback Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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23.63

20.97

7.88

10.38

20.00

Diamondback Energy Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															26.36	30.30	29.12	22.24	20.87

Competitive Comparison of Diamondback Energy's Days Payable

For the Oil & Gas E&P subindustry, Diamondback 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.

Diamondback Energy's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Diamondback Energy's Days Payable falls into.

Diamondback 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.

Diamondback 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
=	( (127	+	261)	/	2 )	/	3541	*	365
=	194					/	3541	*	365
=	20.00

Diamondback Energy's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (243	+	331)	/	2 )	/	1255	*	365 / 4
=	287					/	1255	*	365 / 4
=	20.87

Diamondback Energy Days Payable Related Terms

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Diamondback Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Diamondback Energy Inc (NAS:FANG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FANG:Mexico 7DB:Germany F1AN34:Brazil FANG:Austria

Address

500 West Texas Avenue, Suite 1200, Midland, TX, USA, 79701

Website

https://www.diamondbackenergy.com

Diamondback Energy is an independent oil and gas producer in the United States. The company operates exclusively in the Permian Basin. At the end of 2023, the company reported net proven reserves of 2.2 billion barrels of oil equivalent. Net production averaged about 448,000 barrels per day in 2023, at a ratio of 59% oil, 21% natural gas liquids, and 20% natural gas.

Executives

Teresa L. Dick	officer: CFO, Exec. VP, Assist. Sec.	500 WEST TEXAS, SUITE 1225, MIDLAND TX 79701
Van't Hof Matthew Kaes	officer: Sr. VP - Strategy & Corp Dev	500 WEST TEXAS, SUITE 1200, MIDLAND TX 79701
Daniel N Wesson	officer: Exec. VP - Operations	500 WEST TEXAS AVENUE, SUITE 1200, MIDLAND TX 79701
Matt Zmigrosky	officer: Exec. VP and General Counsel	500 WEST TEXAS AVENUE, SUITE 1200, MIDLAND TX 79701
Travis D. Stice	director, officer: Chief Executive Officer	500 WEST TEXAS, SUITE 1225, MIDLAND TX 79701
David L Houston	director	14313 NORTH MAY AVENUE, OKLAHOMA CITY OK 73134
Steven E West	director	411 WEST PUTNAM AVE., SUITE 125, GREENWICH CT 06830
Frank D. Tsuru	director	500 WEST TEXAS AVENUE, SUITE 1200, MIDLAND TX 79701
Rebecca A Klein	director	1411 E MISSION AVE, SPOKANE WA 99202
Jennifer Soliman	officer: Sr. VP and Chief HR Officer	500 WEST TEXAS, SUITE 1200, MIDLAND TX 79701
Russell Pantermuehl	officer: Exec. VP Reservoir Engineering	500 WEST TEXAS, SUITE 1225, MIDLAND TX 79701
Michael P Cross	director	515 CENTRAL PARK, OKLAHOMA CITY OK 73101
Thomas F. Hawkins	officer: Sr. VP - Land	500 WEST TEXAS, SUITE 1200, MIDLAND TX 79701
Stephanie K. Mains	director	C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202
Vincent K Brooks	director	900 POLO CLUB DRIVE, AUSTIN TX 78737