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GuruFocus has detected 4 Warning Signs with AbbVie Inc $ABBV.
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AbbVie Inc (NYSE:ABBV)
Days Payable
82.57 (As of Dec. 2016)

AbbVie Inc's payable for the three months ended in Dec. 2016 was $1,407 Mil. AbbVie Inc's cost of goods sold for the three months ended in Dec. 2016 was $1,555 Mil. Hence, AbbVie Inc's days payable for the three months ended in Dec. 2016 was 82.57.

ABBV' s Days Payable Range Over the Past 10 Years
Min: 30.33   Max: 175.86
Current: 88.04

30.33
175.86

During the past 8 years, AbbVie Inc's highest Days Payable was 175.86. The lowest was 30.33. And the median was 115.54.

ABBV's Days Payable is ranked higher than
63% of the 586 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 70.53 vs. ABBV: 88.04 )

AbbVie Inc's days payable declined from Dec. 2015 (98.80) to Dec. 2016 (82.57). It may suggest that AbbVie Inc accelerated 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. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1407/5833*365
=88.04

AbbVie Inc's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1407/1555*365 / 4
=82.57

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

AbbVie Inc Annual Data

Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 0.000.000.0030.33153.74175.8674.34115.54129.5388.04

AbbVie Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 0.00114.250.000.000.0098.800.000.000.0082.57
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