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Cummins Inc (NYSE:CMI)
Days Payable
49.99 (As of Jun. 2016)

Cummins Inc's payable for the three months ended in Jun. 2016 was $1,825 Mil. Cummins Inc's cost of goods sold for the three months ended in Jun. 2016 was $3,331 Mil. Hence, Cummins Inc's days payable for the three months ended in Jun. 2016 was 49.99.

CMI' s Days Payable Range Over the Past 10 Years
Min: 32.3   Max: 49.43
Current: 49.23

32.3
49.43

During the past 13 years, Cummins Inc's highest Days Payable was 49.43. The lowest was 32.30. And the median was 43.80.

CMI's Days Payable is ranked lower than
59% of the 1249 Companies
in the Global Diversified Industrials industry.

( Industry Median: 60.79 vs. CMI: 49.23 )

Cummins Inc's days payable increased from Jun. 2015 (48.91) to Jun. 2016 (49.99). It may suggest that Cummins Inc delayed 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.

Cummins 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
=1706/14163*365
=43.97

Cummins Inc's Days Payable for the quarter that ended in Jun. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1825/3331*365 / 4
=49.99

* 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.

Cummins Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 45.9643.9432.3040.4749.4341.9337.8343.6547.8143.97

Cummins Inc Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysPayable 52.0747.8948.8444.9752.2748.9148.7843.8051.0349.99
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