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GuruFocus has detected 1 Warning Sign with CVS Health Corp $CVS.
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CVS Health Corp (NYSE:CVS)
Days Payable
18.90 (As of Dec. 2016)

CVS Health Corp's payable for the three months ended in Dec. 2016 was $7,946 Mil. CVS Health Corp's cost of goods sold for the three months ended in Dec. 2016 was $38,365 Mil. Hence, CVS Health Corp's days payable for the three months ended in Dec. 2016 was 18.90.

CVS' s Days Payable Range Over the Past 10 Years
Min: 16.69   Max: 21.78
Current: 19.51

16.69
21.78

During the past 13 years, CVS Health Corp's highest Days Payable was 21.78. The lowest was 16.69. And the median was 19.59.

CVS's Days Payable is ranked lower than
71% of the 14 Companies
in the Global Health Care Plans industry.

( Industry Median: 51.64 vs. CVS: 19.51 )

CVS Health Corp's days payable declined from Dec. 2015 (20.19) to Dec. 2016 (18.90). It may suggest that CVS Health 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.

CVS Health Corp's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=7946/148669*365
=19.51

CVS Health Corp's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=7946/38365*365 / 4
=18.90

* 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.

CVS Health Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 21.7820.0516.6919.4518.4418.3919.6620.9621.5719.51

CVS Health Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 19.2819.6419.4518.8920.1520.1918.4218.2718.6418.90
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