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Corning Inc (NYSE:GLW)
Days Payable
29.10 (As of Mar. 2014)

Corning Inc's payable for the three months ended in Mar. 2014 was $732 Mil. Corning Inc's revenue for the three months ended in Mar. 2014 was $2,289 Mil. Hence, Corning Inc's days payable for the three months ended in Mar. 2014 was 29.10.

Corning Inc's days payable declined from Mar. 2013 (38.23) to Mar. 2014 (29.10). 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. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=910/7819*365
=42.48

Corning Inc's Days Payable for the quarter that ended in Mar. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=732/2289*91
=29.10

* 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

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 64.5955.0044.5137.9351.9137.2143.9245.2048.3442.48

Corning Inc Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
DaysPayable 47.1240.1444.3140.2344.9938.2333.1028.1842.3429.10
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