Teekay (Teekay) Days Payable : 13.51 (As of Dec. 2023)

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What is Teekay Days Payable?

Teekay's average Accounts Payable for the three months ended in Dec. 2023 was $33 Mil. Teekay's Cost of Goods Sold for the three months ended in Dec. 2023 was $224 Mil. Hence, Teekay's Days Payable for the three months ended in Dec. 2023 was 13.51.

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

TK' s Days Payable Range Over the Past 10 Years
Min: 7.16 Med: 17.48 Max: 51.84
Current: 16.69

During the past 13 years, Teekay's highest Days Payable was 51.84. The lowest was 7.16. And the median was 17.48.

TK's Days Payable is ranked worse than
89.22% of 900 companies
in the Oil & Gas industry
Industry Median: 60.215 vs TK: 16.69

Teekay's Days Payable declined from Dec. 2022 (17.05) to Dec. 2023 (13.51). It may suggest that Teekay accelerated paying its suppliers.

Teekay Days Payable Historical Data

The historical data trend for Teekay'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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Teekay Days Payable Chart

Teekay Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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27.11

51.84

39.97

17.99

16.78

Teekay 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															17.05	19.54	18.21	15.40	13.51

Competitive Comparison of Teekay's Days Payable

For the Oil & Gas Midstream subindustry, Teekay'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.

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

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

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

Teekay 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.

Teekay'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
=	( (47.371	+	33.954)	/	2 )	/	884.343	*	365
=	40.6625					/	884.343	*	365
=	16.78

Teekay'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
=	( (32.498	+	33.954)	/	2 )	/	224.461	*	365 / 4
=	33.226					/	224.461	*	365 / 4
=	13.51

Teekay Days Payable Related Terms

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Teekay (Teekay) Business Description

Industry

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

Comparable Companies

NGL TNP PBT EE OSG SMLP NVGS DLNG BROG IMPP TSX:ENB EPD ET WMB OKE MPLX KMI TSX:TRP LNG TRGP

Traded in Other Exchanges

TK:Mexico TCD:Germany TCD:Germany

Address

69 Pitts Bay Road, 4th Floor, Belvedere Building, Hamilton, BMU, HM 08

Website

https://www.teekay.com

Teekay Corp is engaged in providing crude oil and gas marine transportation services. It also offers offshore oil production, storage, and offloading services, primarily under long-term, fixed-rate contracts. The company has three primary lines of business: offshore production (FPSO units), operational and maintenance marine services, and conventional tankers. It manages these businesses for the benefit of all stakeholders. The company serves energy and utility companies, oil traders, large oil and LNG consumers, petroleum product producers, government agencies, and various other entities that depend upon marine transportation.