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Coca-Cola Enterprises Inc (NYSE:CCE)
Days Payable
50.34 (As of Mar. 2016)

Coca-Cola Enterprises Inc's payable for the three months ended in Mar. 2016 was $528 Mil. Coca-Cola Enterprises Inc's cost of goods sold for the three months ended in Mar. 2016 was $957 Mil. Hence, Coca-Cola Enterprises Inc's days payable for the three months ended in Mar. 2016 was 50.34.

CCE' s Days Payable Range Over the Past 10 Years
Min: 9.66   Max: 91.99
Current: 44.46

9.66
91.99

During the past 13 years, Coca-Cola Enterprises Inc's highest Days Payable was 91.99. The lowest was 9.66. And the median was 35.10.

CCE's Days Payable is ranked lower than
64% of the 80 Companies
in the Global Beverages - Soft Drinks industry.

( Industry Median: 52.22 vs. CCE: 44.46 )

Coca-Cola Enterprises Inc's days payable declined from Mar. 2015 (52.11) to Mar. 2016 (50.34). It may suggest that Coca-Cola Enterprises 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.

Coca-Cola Enterprises Inc's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=537/5291*365
=37.04

Coca-Cola Enterprises 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
=528/957*365 / 4
=50.34

* 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.

Coca-Cola Enterprises Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 26.7183.8832.9638.229.6640.9232.6733.1637.0439.94

Coca-Cola Enterprises Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 33.0038.5240.7537.9339.0152.1141.8639.6643.0650.34
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