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AK Steel Holding Corp (NYSE:AKS)
Days Payable
195.48 (As of Sep. 2016)

AK Steel Holding Corp's payable for the six months ended in Sep. 2016 was $640 Mil. AK Steel Holding Corp's cost of goods sold for the six months ended in Sep. 2016 was $1,194 Mil. Hence, AK Steel Holding Corp's days payable for the six months ended in Sep. 2016 was 97.74.

AKS' s Days Payable Range Over the Past 10 Years
Min: 19.57   Max: 48.79
Current: 44.85

19.57
48.79

During the past 13 years, AK Steel Holding Corp's highest Days Payable was 48.79. The lowest was 19.57. And the median was 37.12.

AKS's Days Payable is ranked lower than
54% of the 411 Companies
in the Global Steel industry.

( Industry Median: 49.08 vs. AKS: 44.85 )

AK Steel Holding Corp's days payable increased from Mar. 2016 (171.95) to Sep. 2016 (195.48). It may suggest that AK Steel Holding 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.

AK Steel Holding Corp's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=703.4/6032*365
=42.56

AK Steel Holding Corp's Days Payable for the quarter that ended in Sep. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=639.5/1194.1*365 / 2
=97.74

* 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.

AK Steel Holding Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 37.9636.2719.5742.7235.7735.2935.4743.0048.7942.56

AK Steel Holding Corp Semi-Annual Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysPayable 165.49206.05161.39169.25176.07182.52194.53171.95166.08195.48
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