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AbbVie Inc (NYSE:ABBV)
Days Payable
71.84 (As of Dec. 2014)

AbbVie Inc's payable for the three months ended in Dec. 2014 was $881 Mil. AbbVie Inc's cost of goods sold for the three months ended in Dec. 2014 was $1,119 Mil. Hence, AbbVie Inc's days payable for the three months ended in Dec. 2014 was 71.84.

AbbVie Inc's days payable increased from Dec. 2013 (66.41) to Dec. 2014 (71.84). It may suggest that AbbVie Inc delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

AbbVie Inc's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=881/4426*365
=72.65

AbbVie Inc's Days Payable for the quarter that ended in Dec. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=881/1119*365 / 4
=71.84

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

AbbVie Inc Annual Data

Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 0.000.000.000.000.0030.33153.74175.8674.3472.65

AbbVie Inc Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
DaysPayable 38.15156.680.000.000.0066.410.000.000.0071.84
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