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GuruFocus has detected 3 Warning Signs with Garmin Ltd $GRMN.
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Garmin Ltd (NAS:GRMN)
Days Payable
40.34 (As of Dec. 2016)

Garmin Ltd's payable for the three months ended in Dec. 2016 was $172 Mil. Garmin Ltd's cost of goods sold for the three months ended in Dec. 2016 was $390 Mil. Hence, Garmin Ltd's days payable for the three months ended in Dec. 2016 was 40.34.

GRMN' s Days Payable Range Over the Past 10 Years
Min: 30.11   Max: 72.5
Current: 46.99

30.11
72.5

During the past 13 years, Garmin Ltd's highest Days Payable was 72.50. The lowest was 30.11. And the median was 43.34.

GRMN's Days Payable is ranked lower than
63% of the 1566 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 58.29 vs. GRMN: 46.99 )

Garmin Ltd's days payable declined from Dec. 2015 (44.34) to Dec. 2016 (40.34). It may suggest that Garmin Ltd 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.

Garmin Ltd'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
=172.404/1339.095*365
=46.99

Garmin Ltd's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=172.404/389.985*365 / 4
=40.34

* 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.

Garmin Ltd Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 72.5030.1149.4135.9642.1637.5143.6942.9850.9546.99

Garmin Ltd Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 42.9236.5347.5637.6045.6044.3444.0439.7642.7140.34
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