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Coca-Cola European Partners PLC (NYSE:CCE)
Days Payable
50.34 (As of Mar. 2016)

Coca-Cola European Partners PLC's payable for the three months ended in Mar. 2016 was $528 Mil. Coca-Cola European Partners PLC's cost of goods sold for the three months ended in Mar. 2016 was $957 Mil. Hence, Coca-Cola European Partners PLC'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: 3.56   Max: 83.88
Current: 44.46

3.56
83.88

During the past 13 years, Coca-Cola European Partners PLC's highest Days Payable was 83.88. The lowest was 3.56. And the median was 33.16.

CCE's Days Payable is ranked lower than
62% of the 77 Companies
in the Global Beverages - Soft Drinks industry.

( Industry Median: 50.92 vs. CCE: 44.46 )

Coca-Cola European Partners PLC's days payable declined from Mar. 2015 (52.11) to Mar. 2016 (50.34). It may suggest that Coca-Cola European Partners PLC 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 European Partners PLC'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
=486/4441*365
=39.94

Coca-Cola European Partners PLC'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 European Partners PLC Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 26.7183.8832.963.5652.240.0032.6733.1637.0439.94

Coca-Cola European Partners PLC Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 33.0038.5240.7537.9339.0152.1141.8639.6643.0650.34
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