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Cal-Maine Foods Inc (NAS:CALM)
Days Payable
12.61 (As of May. 2016)

Cal-Maine Foods Inc's payable for the three months ended in May. 2016 was $36 Mil. Cal-Maine Foods Inc's cost of goods sold for the three months ended in May. 2016 was $262 Mil. Hence, Cal-Maine Foods Inc's days payable for the three months ended in May. 2016 was 12.61.

CALM' s Days Payable Range Over the Past 10 Years
Min: 10.5   Max: 24.17
Current: 10.5

10.5
24.17

During the past 13 years, Cal-Maine Foods Inc's highest Days Payable was 24.17. The lowest was 10.50. And the median was 19.73.

CALM's Days Payable is ranked lower than
91% of the 1071 Companies
in the Global Packaged Foods industry.

( Industry Median: 43.86 vs. CALM: 10.50 )

Cal-Maine Foods Inc's days payable declined from May. 2015 (13.89) to May. 2016 (12.61). It may suggest that Cal-Maine Foods 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.

Cal-Maine Foods Inc's Days Payable for the fiscal year that ended in May. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=36.262/1260.576*365
=10.50

Cal-Maine Foods Inc's Days Payable for the quarter that ended in May. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=36.262/262.34*365 / 4
=12.61

* 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.

Cal-Maine Foods Inc Annual Data

May07May08May09May10May11May12May13May14May15May16
DaysPayable 21.3021.1020.3319.1224.1722.1216.0612.5013.8210.50

Cal-Maine Foods Inc Quarterly Data

Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16May16
DaysPayable 0.0012.690.000.000.0013.890.000.000.0012.61
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