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Dow Chemical Co (NYSE:DOW)
Days Payable
40.40 (As of Jun. 2015)

Dow Chemical Co's payable for the three months ended in Jun. 2015 was $4,492 Mil. Dow Chemical Co's cost of goods sold for the three months ended in Jun. 2015 was $10,146 Mil. Hence, Dow Chemical Co's days payable for the three months ended in Jun. 2015 was 40.40.

Dow Chemical Co's days payable increased from Jun. 2014 (36.10) to Jun. 2015 (40.40). It may suggest that Dow Chemical Co 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.

Dow Chemical Co'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
=4481/47464*365
=34.46

Dow Chemical Co's Days Payable for the quarter that ended in Jun. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=4492/10146*365 / 4
=40.40

* 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.

Dow Chemical Co Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 54.9349.8751.4138.9057.5052.6650.0338.2635.2034.46

Dow Chemical Co Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
DaysPayable 55.8253.7937.8834.7138.6636.1037.5535.2242.2740.40
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