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Cummins Inc (NYSE:CMI)
Days Payable
51.03 (As of Mar. 2016)

Cummins Inc's payable for the three months ended in Mar. 2016 was $1,809 Mil. Cummins Inc's cost of goods sold for the three months ended in Mar. 2016 was $3,235 Mil. Hence, Cummins Inc's days payable for the three months ended in Mar. 2016 was 51.03.

CMI' s Days Payable Range Over the Past 10 Years
Min: 32.3   Max: 49.43
Current: 47.56

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 43.31.

CMI's Days Payable is ranked lower than
64% of the 1429 Companies
in the Global Diversified Industrials industry.

( Industry Median: 61.98 vs. CMI: 47.56 )

Cummins Inc's days payable declined from Mar. 2015 (52.27) to Mar. 2016 (51.03). It may suggest that Cummins 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.

Cummins 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
=1881/14360*365
=47.81

Cummins 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
=1809/3235*365 / 4
=51.03

* 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 45.9643.9432.3040.4749.4341.9338.1143.9947.8143.97

Cummins Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 41.4952.3448.1848.8444.9752.2748.9148.7843.8051.03
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