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Canon Inc (NYSE:CAJ)
Days Payable
55.59 (As of Jun. 2016)

Canon Inc's payable for the three months ended in Jun. 2016 was $2,474 Mil. Canon Inc's cost of goods sold for the three months ended in Jun. 2016 was $4,061 Mil. Hence, Canon Inc's days payable for the three months ended in Jun. 2016 was 55.59.

CAJ' s Days Payable Range Over the Past 10 Years
Min: 52.95   Max: 85.85
Current: 52.95

52.95
85.85

During the past 13 years, Canon Inc's highest Days Payable was 85.85. The lowest was 52.95. And the median was 69.17.

CAJ's Days Payable is ranked lower than
57% of the 1249 Companies
in the Global Business Equipment industry.

( Industry Median: 60.79 vs. CAJ: 52.95 )

Canon Inc's days payable declined from Jun. 2015 (61.99) to Jun. 2016 (55.59). It may suggest that Canon 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.

Canon Inc'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
=2287.62280594/15340.05015*365
=54.43

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2474.10321127/4061.45557371*365 / 4
=55.59

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Canon Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 85.8584.0068.8669.4772.7176.2964.8858.0060.6954.43

Canon Inc Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysPayable 63.6861.8763.3751.9565.5561.9960.8848.8461.9055.59
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