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Cliffs Natural Resources Inc (NYSE:CLF)
Days Payable
15.86 (As of Sep. 2016)

Cliffs Natural Resources Inc's payable for the three months ended in Sep. 2016 was $81 Mil. Cliffs Natural Resources Inc's cost of goods sold for the three months ended in Sep. 2016 was $468 Mil. Hence, Cliffs Natural Resources Inc's days payable for the three months ended in Sep. 2016 was 15.86.

CLF' s Days Payable Range Over the Past 10 Years
Min: 18.78   Max: 52.41
Current: 18.78

18.78
52.41

During the past 13 years, Cliffs Natural Resources Inc's highest Days Payable was 52.41. The lowest was 18.78. And the median was 32.14.

CLF's Days Payable is ranked lower than
77% of the 452 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 44.10 vs. CLF: 18.78 )

Cliffs Natural Resources Inc's days payable declined from Sep. 2015 (17.35) to Sep. 2016 (15.86). It may suggest that Cliffs Natural Resources 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.

Cliffs Natural Resources 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
=106.3/1776.8*365
=21.84

Cliffs Natural Resources Inc's Days Payable for the quarter that ended in Sep. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=81.3/467.9*365 / 4
=15.86

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Cliffs Natural Resources Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 33.6530.1829.9532.1232.1633.6743.1352.4124.3721.84

Cliffs Natural Resources Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysPayable 43.0237.3119.5728.5628.9817.3522.4225.6520.7215.86
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