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GuruFocus has detected 8 Warning Signs with Dover Corp $DOV.
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Dover Corp (NYSE:DOV)
Days Payable
65.41 (As of Dec. 2016)

Dover Corp's payable for the three months ended in Dec. 2016 was $830 Mil. Dover Corp's cost of goods sold for the three months ended in Dec. 2016 was $1,158 Mil. Hence, Dover Corp's days payable for the three months ended in Dec. 2016 was 65.41.

DOV' s Days Payable Range Over the Past 10 Years
Min: 28.17   Max: 70.12
Current: 70.12

28.17
70.12

During the past 13 years, Dover Corp's highest Days Payable was 70.12. The lowest was 28.17. And the median was 45.01.

DOV's Days Payable is ranked higher than
53% of the 1311 Companies
in the Global Diversified Industrials industry.

( Industry Median: 65.83 vs. DOV: 70.12 )

Dover Corp's days payable increased from Dec. 2015 (54.95) to Dec. 2016 (65.41). 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. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=830.318/4322.373*365
=70.12

Dover 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
=830.318/1158.257*365 / 4
=65.41

* 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.

Dover Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 32.9928.1735.4446.4341.6258.7543.5947.0054.1470.12

Dover Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 48.0144.7748.9750.1150.9754.9562.3862.5963.5065.41
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