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GuruFocus has detected 4 Warning Signs with Cintas Corp $CTAS.
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Cintas Corp (NAS:CTAS)
Days Payable
16.33 (As of Feb. 2017)

Cintas Corp's payable for the three months ended in Feb. 2017 was $128 Mil. Cintas Corp's cost of goods sold for the three months ended in Feb. 2017 was $715 Mil. Hence, Cintas Corp's days payable for the three months ended in Feb. 2017 was 16.33.

CTAS' s Days Payable Range Over the Past 10 Years
Min: 11.1   Max: 22.41
Current: 16.28

11.1
22.41

During the past 13 years, Cintas Corp's highest Days Payable was 22.41. The lowest was 11.10. And the median was 15.20.

CTAS's Days Payable is ranked lower than
76% of the 440 Companies
in the Global Business Services industry.

( Industry Median: 39.89 vs. CTAS: 16.28 )

Cintas Corp's days payable declined from Feb. 2016 (20.04) to Feb. 2017 (16.33). It may suggest that Cintas Corp 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.

Cintas Corp's Days Payable for the fiscal year that ended in May. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=114.514/2775.588*365
=15.06

Cintas Corp's Days Payable for the quarter that ended in Feb. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=127.94/714.711*365 / 4
=16.33

* 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.

Cintas Corp Annual Data

May07May08May09May10May11May12May13May14May15May16
DaysPayable 11.1015.3311.4812.7818.2914.6517.7222.4115.6515.06

Cintas Corp Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
DaysPayable 24.4016.1215.2517.8517.7920.0414.5616.6516.0816.33
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