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Dover Corp (NYSE:DOV)
Days Payable
62.38 (As of Mar. 2016)

Dover Corp's payable for the three months ended in Mar. 2016 was $706 Mil. Dover Corp's cost of goods sold for the three months ended in Mar. 2016 was $1,033 Mil. Hence, Dover Corp's days payable for the three months ended in Mar. 2016 was 62.38.

DOV' s Days Payable Range Over the Past 10 Years
Min: 28.17   Max: 47.58
Current: 59.49

28.17
47.58

During the past 13 years, Dover Corp's highest Days Payable was 47.58. The lowest was 28.17. And the median was 37.18.

DOV's Days Payable is ranked lower than
52% of the 1429 Companies
in the Global Diversified Industrials industry.

( Industry Median: 61.98 vs. DOV: 59.49 )

Dover Corp's days payable increased from Mar. 2015 (48.97) to Mar. 2016 (62.38). It may suggest that Dover Corp 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.

Dover Corp'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
=615.332/4778.479*365
=47.00

Dover 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
=706.191/1033.009*365 / 4
=62.38

* 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.

Dover Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 35.1732.9928.1735.4438.9140.5347.5846.9047.0054.14

Dover Corp Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 45.8448.2845.6145.9451.6048.9750.1150.9754.9562.38
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