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GuruFocus has detected 4 Warning Signs with Eastman Chemical Co $EMN.
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Eastman Chemical Co (NYSE:EMN)
Days Payable
34.45 (As of Sep. 2016)

Eastman Chemical Co's payable for the three months ended in Sep. 2016 was $629 Mil. Eastman Chemical Co's cost of goods sold for the three months ended in Sep. 2016 was $1,666 Mil. Hence, Eastman Chemical Co's days payable for the three months ended in Sep. 2016 was 34.45.

EMN' s Days Payable Range Over the Past 10 Years
Min: 34.42   Max: 42.31
Current: 34.56

34.42
42.31

During the past 13 years, Eastman Chemical Co's highest Days Payable was 42.31. The lowest was 34.42. And the median was 39.37.

EMN's Days Payable is ranked lower than
65% of the 655 Companies
in the Global Chemicals industry.

( Industry Median: 49.14 vs. EMN: 34.56 )

Eastman Chemical Co's days payable declined from Sep. 2015 (35.68) to Sep. 2016 (34.45). It may suggest that Eastman Chemical Co 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.

Eastman Chemical Co'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
=699/7068*365
=36.10

Eastman Chemical Co's Days Payable for the quarter that ended in Sep. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=629/1666*365 / 4
=34.45

* 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.

Eastman Chemical Co Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 37.420.000.000.0034.4241.6242.3141.3236.100.00

Eastman Chemical Co Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 37.7437.4336.0035.8435.6837.1736.0632.9034.450.00
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