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CVS Health Corp (NYSE:CVS)
Days Payable
18.42 (As of Mar. 2016)

CVS Health Corp's payable for the three months ended in Mar. 2016 was $7,361 Mil. CVS Health Corp's cost of goods sold for the three months ended in Mar. 2016 was $36,471 Mil. Hence, CVS Health Corp's days payable for the three months ended in Mar. 2016 was 18.42.

CVS' s Days Payable Range Over the Past 10 Years
Min: 16.58   Max: 28.87
Current: 20.19

16.58
28.87

During the past 13 years, CVS Health Corp's highest Days Payable was 28.87. The lowest was 16.58. And the median was 19.86.

CVS's Days Payable is ranked lower than
67% of the 15 Companies
in the Global Health Care Plans industry.

( Industry Median: 53.08 vs. CVS: 20.19 )

CVS Health Corp's days payable declined from Mar. 2015 (19.45) to Mar. 2016 (18.42). 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. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=7490/126762*365
=21.57

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=7361/36471*365 / 4
=18.42

* 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.

CVS Health Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 28.8721.7820.0516.5819.3018.4318.3919.6620.9621.57

CVS Health Corp Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 19.1119.2318.6519.2819.6419.4518.8920.1520.1918.42
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