Switch to:
Cliffs Natural Resources Inc (NYSE:CLF)
Days Payable
28.56 (As of Mar. 2015)

Cliffs Natural Resources Inc's payable for the three months ended in Mar. 2015 was $114 Mil. Cliffs Natural Resources Inc's cost of goods sold for the three months ended in Mar. 2015 was $365 Mil. Hence, Cliffs Natural Resources Inc's days payable for the three months ended in Mar. 2015 was 28.56.

Cliffs Natural Resources Inc's days payable declined from Mar. 2014 (70.60) to Mar. 2015 (28.56). 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. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=272.1/4172.3*365
=23.80

Cliffs Natural Resources Inc's Days Payable for the quarter that ended in Mar. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=114.3/365.2*365 / 4
=28.56

* 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.

Cliffs Natural Resources Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 33.2233.6530.1829.9532.1230.8333.6743.1327.7623.80

Cliffs Natural Resources Inc Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
DaysPayable 39.0730.3222.9326.7225.8170.6024.0623.0622.2528.56
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership

FEEDBACK