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Cambrex Corp (NYSE:CBM)
Days Payable
39.83 (As of Dec. 2015)

Cambrex Corp's payable for the three months ended in Dec. 2015 was $39.3 Mil. Cambrex Corp's cost of goods sold for the three months ended in Dec. 2015 was $89.9 Mil. Hence, Cambrex Corp's days payable for the three months ended in Dec. 2015 was 39.83.

CBM' s Days Payable Range Over the Past 10 Years
Min: 37.86   Max: 69.01
Current: 55.89

37.86
69.01

During the past 13 years, Cambrex Corp's highest Days Payable was 69.01. The lowest was 37.86. And the median was 51.72.

CBM's Days Payable is ranked lower than
55% of the 425 Companies
in the Global Biotechnology industry.

( Industry Median: 64.47 vs. CBM: 55.89 )

Cambrex Corp's days payable declined from Dec. 2014 (47.49) to Dec. 2015 (39.83). It may suggest that Cambrex 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.

Cambrex 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
=39.257/256.361*365
=55.89

Cambrex Corp's Days Payable for the quarter that ended in Dec. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=39.257/89.926*365 / 4
=39.83

* 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.

Cambrex Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 69.0159.2640.9837.8644.4042.6254.1849.2663.5555.89

Cambrex Corp Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
DaysPayable 55.7138.3749.5040.3258.6647.4981.8163.2883.9539.83
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