Stock Analysis on Net
Stock Analysis on Net

Halliburton Co. (NYSE:HAL)

This company has been moved to the archive! The financial data has not been updated since February 13, 2019.

Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

Microsoft Excel

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Short-term Activity Ratios (Summary)

Halliburton Co., short-term (operating) activity ratios (quarterly data)

Microsoft Excel
Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Turnover Ratios
Inventory turnover 6.94 7.22 7.67 7.89 7.66 6.94 6.95 6.59 6.60 6.41 6.51 6.48 8.74 8.85 9.11 7.88 7.65 — — —
Receivables turnover 4.58 4.34 4.31 4.20 4.09 3.85 3.90 3.98 4.05 3.89 3.96 4.17 4.44 4.72 5.40 5.07 4.35 — — —
Payables turnover 6.96 6.63 6.67 6.85 7.19 7.02 7.32 7.54 8.52 10.29 11.58 10.17 10.46 10.87 11.82 11.27 9.71 — — —
Working capital turnover 3.78 3.70 3.68 3.64 3.49 3.37 2.76 2.67 2.08 2.08 2.31 1.78 1.45 2.96 2.98 3.70 3.58 — — —
Average No. Days
Average inventory processing period 53 51 48 46 48 53 53 55 55 57 56 56 42 41 40 46 48 — — —
Add: Average receivable collection period 80 84 85 87 89 95 94 92 90 94 92 88 82 77 68 72 84 — — —
Operating cycle 133 135 133 133 137 148 147 147 145 151 148 144 124 118 108 118 132 — — —
Less: Average payables payment period 52 55 55 53 51 52 50 48 43 35 32 36 35 34 31 32 38 — — —
Cash conversion cycle 81 80 78 80 86 96 97 99 102 116 116 108 89 84 77 86 94 — — —

Based on: 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Halliburton Co. inventory turnover ratio deteriorated from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.
Receivables turnover An activity ratio equal to revenue divided by receivables. Halliburton Co. receivables turnover ratio improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Halliburton Co. payables turnover ratio decreased from Q2 2018 to Q3 2018 but then increased from Q3 2018 to Q4 2018 exceeding Q2 2018 level.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Halliburton Co. working capital turnover ratio improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.
Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Halliburton Co. number of days of inventory outstanding deteriorated from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Halliburton Co. number of days of receivables outstanding improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.
Operating cycle Equal to average inventory processing period plus average receivables collection period.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Halliburton Co. cash conversion cycle deteriorated from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.

Inventory Turnover

Halliburton Co., inventory turnover calculation (quarterly data)

Microsoft Excel
Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (US$ in millions)
Cost of services and product sales 5,269 5,384 5,293 5,063 5,105 4,755 4,474 4,021 3,704 3,662 3,732 3,925 4,556 5,039 5,233 6,285 7,271 6,993 6,768 6,303
Inventories 3,028 2,887 2,637 2,458 2,396 2,444 2,283 2,295 2,275 2,475 2,650 2,893 2,417 2,692 2,831 3,467 3,571 3,650 3,529 3,415
Short-term Activity Ratio
Inventory turnover1 6.94 7.22 7.67 7.89 7.66 6.94 6.95 6.59 6.60 6.41 6.51 6.48 8.74 8.85 9.11 7.88 7.65 — — —
Benchmarks
Inventory Turnover, Competitors2
Schlumberger Ltd. — — — — — — — — — — — — — — — — — — — —

Based on: 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).

1 Q4 2018 Calculation
Inventory turnover = (Cost of services and product salesQ4 2018 + Cost of services and product salesQ3 2018 + Cost of services and product salesQ2 2018 + Cost of services and product salesQ1 2018) ÷ Inventories
= (5,269 + 5,384 + 5,293 + 5,063) ÷ 3,028 = 6.94

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Halliburton Co. inventory turnover ratio deteriorated from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.

Receivables Turnover

Halliburton Co., receivables turnover calculation (quarterly data)

Microsoft Excel
Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (US$ in millions)
Revenue 5,936 6,172 6,147 5,740 5,940 5,444 4,957 4,279 4,021 3,833 3,835 4,198 5,082 5,582 5,919 7,050 8,770 8,701 8,051 7,348
Receivables, net of allowances for bad debts 5,234 5,526 5,403 5,255 5,036 4,852 4,385 4,008 3,922 4,360 4,725 4,983 5,317 5,791 5,633 6,419 7,564 7,555 6,781 6,314
Short-term Activity Ratio
Receivables turnover1 4.58 4.34 4.31 4.20 4.09 3.85 3.90 3.98 4.05 3.89 3.96 4.17 4.44 4.72 5.40 5.07 4.35 — — —
Benchmarks
Receivables Turnover, Competitors2
Schlumberger Ltd. — — — — — — — — — — — — — — — — — — — —

Based on: 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).

1 Q4 2018 Calculation
Receivables turnover = (RevenueQ4 2018 + RevenueQ3 2018 + RevenueQ2 2018 + RevenueQ1 2018) ÷ Receivables, net of allowances for bad debts
= (5,936 + 6,172 + 6,147 + 5,740) ÷ 5,234 = 4.58

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Halliburton Co. receivables turnover ratio improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.

Payables Turnover

Halliburton Co., payables turnover calculation (quarterly data)

Microsoft Excel
Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (US$ in millions)
Cost of services and product sales 5,269 5,384 5,293 5,063 5,105 4,755 4,474 4,021 3,704 3,662 3,732 3,925 4,556 5,039 5,233 6,285 7,271 6,993 6,768 6,303
Accounts payable 3,018 3,142 3,029 2,830 2,554 2,416 2,166 2,006 1,764 1,543 1,490 1,844 2,019 2,193 2,181 2,424 2,814 3,005 2,727 2,525
Short-term Activity Ratio
Payables turnover1 6.96 6.63 6.67 6.85 7.19 7.02 7.32 7.54 8.52 10.29 11.58 10.17 10.46 10.87 11.82 11.27 9.71 — — —

Based on: 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).

1 Q4 2018 Calculation
Payables turnover = (Cost of services and product salesQ4 2018 + Cost of services and product salesQ3 2018 + Cost of services and product salesQ2 2018 + Cost of services and product salesQ1 2018) ÷ Accounts payable
= (5,269 + 5,384 + 5,293 + 5,063) ÷ 3,018 = 6.96

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Halliburton Co. payables turnover ratio decreased from Q2 2018 to Q3 2018 but then increased from Q3 2018 to Q4 2018 exceeding Q2 2018 level.

Working Capital Turnover

Halliburton Co., working capital turnover calculation (quarterly data)

Microsoft Excel
Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (US$ in millions)
Current assets 11,151 11,436 11,436 11,035 10,777 10,144 10,260 9,828 11,677 11,760 12,580 19,105 21,609 14,919 15,224 13,825 15,068 14,847 14,165 13,486
Less: Current liabilities 4,802 4,953 5,107 4,969 4,862 4,601 4,068 3,842 4,023 3,631 4,478 7,412 5,359 5,703 5,005 5,018 5,883 5,889 5,369 4,932
Working capital 6,349 6,483 6,329 6,066 5,915 5,543 6,192 5,986 7,654 8,129 8,102 11,693 16,250 9,216 10,219 8,807 9,185 8,958 8,796 8,554
 
Revenue 5,936 6,172 6,147 5,740 5,940 5,444 4,957 4,279 4,021 3,833 3,835 4,198 5,082 5,582 5,919 7,050 8,770 8,701 8,051 7,348
Short-term Activity Ratio
Working capital turnover1 3.78 3.70 3.68 3.64 3.49 3.37 2.76 2.67 2.08 2.08 2.31 1.78 1.45 2.96 2.98 3.70 3.58 — — —
Benchmarks
Working Capital Turnover, Competitors2
Schlumberger Ltd. — — — — — — — — — — — — — — — — — — — —

Based on: 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).

1 Q4 2018 Calculation
Working capital turnover = (RevenueQ4 2018 + RevenueQ3 2018 + RevenueQ2 2018 + RevenueQ1 2018) ÷ Working capital
= (5,936 + 6,172 + 6,147 + 5,740) ÷ 6,349 = 3.78

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. Halliburton Co. working capital turnover ratio improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.

Average Inventory Processing Period

Halliburton Co., average inventory processing period calculation (quarterly data)

Microsoft Excel
Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data
Inventory turnover 6.94 7.22 7.67 7.89 7.66 6.94 6.95 6.59 6.60 6.41 6.51 6.48 8.74 8.85 9.11 7.88 7.65 — — —
Short-term Activity Ratio (no. days)
Average inventory processing period1 53 51 48 46 48 53 53 55 55 57 56 56 42 41 40 46 48 — — —
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Schlumberger Ltd. — — — — — — — — — — — — — — — — — — — —

Based on: 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).

1 Q4 2018 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 6.94 = 53

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Halliburton Co. number of days of inventory outstanding deteriorated from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.

Average Receivable Collection Period

Halliburton Co., average receivable collection period calculation (quarterly data)

Microsoft Excel
Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data
Receivables turnover 4.58 4.34 4.31 4.20 4.09 3.85 3.90 3.98 4.05 3.89 3.96 4.17 4.44 4.72 5.40 5.07 4.35 — — —
Short-term Activity Ratio (no. days)
Average receivable collection period1 80 84 85 87 89 95 94 92 90 94 92 88 82 77 68 72 84 — — —
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Schlumberger Ltd. — — — — — — — — — — — — — — — — — — — —

Based on: 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).

1 Q4 2018 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 4.58 = 80

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Halliburton Co. number of days of receivables outstanding improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.

Operating Cycle

Halliburton Co., operating cycle calculation (quarterly data)

No. days

Microsoft Excel
Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data
Average inventory processing period 53 51 48 46 48 53 53 55 55 57 56 56 42 41 40 46 48 — — —
Average receivable collection period 80 84 85 87 89 95 94 92 90 94 92 88 82 77 68 72 84 — — —
Short-term Activity Ratio
Operating cycle1 133 135 133 133 137 148 147 147 145 151 148 144 124 118 108 118 132 — — —
Benchmarks
Operating Cycle, Competitors2
Schlumberger Ltd. — — — — — — — — — — — — — — — — — — — —

Based on: 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).

1 Q4 2018 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 53 + 80 = 133

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period.

Average Payables Payment Period

Halliburton Co., average payables payment period calculation (quarterly data)

Microsoft Excel
Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data
Payables turnover 6.96 6.63 6.67 6.85 7.19 7.02 7.32 7.54 8.52 10.29 11.58 10.17 10.46 10.87 11.82 11.27 9.71 — — —
Short-term Activity Ratio (no. days)
Average payables payment period1 52 55 55 53 51 52 50 48 43 35 32 36 35 34 31 32 38 — — —

Based on: 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).

1 Q4 2018 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 6.96 = 52

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.

Cash Conversion Cycle

Halliburton Co., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel
Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data
Average inventory processing period 53 51 48 46 48 53 53 55 55 57 56 56 42 41 40 46 48 — — —
Average receivable collection period 80 84 85 87 89 95 94 92 90 94 92 88 82 77 68 72 84 — — —
Average payables payment period 52 55 55 53 51 52 50 48 43 35 32 36 35 34 31 32 38 — — —
Short-term Activity Ratio
Cash conversion cycle1 81 80 78 80 86 96 97 99 102 116 116 108 89 84 77 86 94 — — —

Based on: 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).

1 Q4 2018 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 53 + 80 – 52 = 81

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Halliburton Co. cash conversion cycle deteriorated from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.