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Airgas Inc (NYSE:ARG)
Days Payable
27.52 (As of Mar. 2016)

Airgas Inc's payable for the three months ended in Mar. 2016 was $166 Mil. Airgas Inc's cost of goods sold for the three months ended in Mar. 2016 was $550 Mil. Hence, Airgas Inc's days payable for the three months ended in Mar. 2016 was 27.52.

ARG' s Days Payable Range Over the Past 10 Years
Min: 26.29   Max: 35.07
Current: 26.29

26.29
35.07

During the past 13 years, Airgas Inc's highest Days Payable was 35.07. The lowest was 26.29. And the median was 31.52.

ARG's Days Payable is ranked lower than
77% of the 829 Companies
in the Global Chemicals industry.

( Industry Median: 49.64 vs. ARG: 26.29 )

Airgas Inc's days payable declined from Mar. 2015 (32.27) to Mar. 2016 (27.52). It may suggest that Airgas 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.

Airgas Inc's Days Payable for the fiscal year that ended in Mar. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=165.781/2301.598*365
=26.29

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=165.781/549.677*365 / 4
=27.52

* 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.

Airgas Inc Annual Data

Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16
DaysPayable 34.1035.0727.9933.2031.1029.3430.1231.9831.9426.29

Airgas Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 26.9931.4529.6631.1131.5032.2728.7830.1526.3627.52
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