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GuruFocus has detected 5 Warning Signs with AGCO Corp $AGCO.
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AGCO Corp (NYSE:AGCO)
Days Payable
39.40 (As of Dec. 2016)

AGCO Corp's payable for the three months ended in Dec. 2016 was $723 Mil. AGCO Corp's cost of goods sold for the three months ended in Dec. 2016 was $1,674 Mil. Hence, AGCO Corp's days payable for the three months ended in Dec. 2016 was 39.40.

AGCO' s Days Payable Range Over the Past 10 Years
Min: 31.95   Max: 54.14
Current: 44.74

31.95
54.14

During the past 13 years, AGCO Corp's highest Days Payable was 54.14. The lowest was 31.95. And the median was 42.97.

AGCO's Days Payable is ranked lower than
68% of the 106 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 73.38 vs. AGCO: 44.74 )

AGCO Corp's days payable increased from Dec. 2015 (36.56) to Dec. 2016 (39.40). It may suggest that AGCO Corp 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.

AGCO Corp'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
=722.6/5895*365
=44.74

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=722.6/1673.7*365 / 4
=39.40

* 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.

AGCO Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 53.5554.1441.6744.1948.8841.3641.7531.9538.6644.74

AGCO Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 43.1530.7751.8743.1343.2936.5649.4143.1145.0339.40
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