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GuruFocus has detected 5 Warning Signs with Avery Dennison Corp $AVY.
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Avery Dennison Corp (NYSE:AVY)
Days Payable
68.26 (As of Dec. 2016)

Avery Dennison Corp's payable for the three months ended in Dec. 2016 was $842 Mil. Avery Dennison Corp's cost of goods sold for the three months ended in Dec. 2016 was $1,125 Mil. Hence, Avery Dennison Corp's days payable for the three months ended in Dec. 2016 was 68.26.

AVY' s Days Payable Range Over the Past 10 Years
Min: 49.29   Max: 72.11
Current: 70.05

49.29
72.11

During the past 13 years, Avery Dennison Corp's highest Days Payable was 72.11. The lowest was 49.29. And the median was 63.11.

AVY's Days Payable is ranked higher than
57% of the 1025 Companies
in the Global Business Equipment industry.

( Industry Median: 59.43 vs. AVY: 70.05 )

Avery Dennison Corp's days payable declined from Dec. 2015 (69.96) to Dec. 2016 (68.26). It may suggest that Avery Dennison Corp 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.

Avery Dennison 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
=841.9/4386.8*365
=70.05

Avery Dennison 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
=841.9/1125.4*365 / 4
=68.26

* 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.

Avery Dennison Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 54.0649.2957.6763.9861.5267.7272.1162.2368.8170.05

Avery Dennison Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 68.2761.1968.5771.1172.2069.9671.8571.5272.4868.26
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