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GuruFocus has detected 6 Warning Signs with 3M Co $FRA:MMM.
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3M Co (FRA:MMM)
Days Payable
58.34 (As of Dec. 2016)

3M Co's payable for the three months ended in Dec. 2016 was €2,252 Mil. 3M Co's cost of goods sold for the three months ended in Dec. 2016 was €3,523 Mil. Hence, 3M Co's days payable for the three months ended in Dec. 2016 was 58.34.

FRA:MMM' s Days Payable Range Over the Past 10 Years
Min: 35.49   Max: 57.66
Current: 57.66

35.49
57.66

During the past 13 years, 3M Co's highest Days Payable was 57.66. The lowest was 35.49. And the median was 43.47.

FRA:MMM's Days Payable is ranked lower than
56% of the 1323 Companies
in the Global Diversified Industrials industry.

( Industry Median: 66.49 vs. FRA:MMM: 57.66 )

3M Co's days payable increased from Dec. 2015 (53.89) to Dec. 2016 (58.34). It may suggest that 3M 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.

3M Co'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
=2252.34619395/14257.2755711*365
=57.66

3M Co's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2252.34619395/3522.60877808*365 / 4
=58.34

* 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.

3M Co Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 43.1435.4943.8043.8638.2141.0040.7751.9353.6257.66

3M Co Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 38.9753.0243.0140.5437.6653.8939.2239.6338.4558.34
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