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Corning Inc (NYSE:GLW)
Days Payable
59.46 (As of Mar. 2016)

Corning Inc's payable for the three months ended in Mar. 2016 was $836 Mil. Corning Inc's cost of goods sold for the three months ended in Mar. 2016 was $1,283 Mil. Hence, Corning Inc's days payable for the three months ended in Mar. 2016 was 59.46.

GLW' s Days Payable Range Over the Past 10 Years
Min: 60.8   Max: 96.2
Current: 56.46

60.8
96.2

During the past 13 years, Corning Inc's highest Days Payable was 96.20. The lowest was 60.80. And the median was 67.86.

GLW's Days Payable is ranked higher than
53% of the 1871 Companies
in the Global Electronic Components industry.

( Industry Median: 54.31 vs. GLW: 56.46 )

Corning Inc's days payable declined from Mar. 2015 (59.56) to Mar. 2016 (59.46). It may suggest that Corning Inc 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.

Corning Inc'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
=934/5458*365
=62.46

Corning Inc's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=836/1283*365 / 4
=59.46

* 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.

Corning Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 79.6771.4596.2060.8081.2982.4761.6162.6164.2662.46

Corning Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 59.3249.3348.9045.0364.6159.5662.0360.1162.0359.46
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