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GuruFocus has detected 5 Warning Signs with GlaxoSmithKline PLC $GSK.
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GlaxoSmithKline PLC (NYSE:GSK)
Days Payable
130.84 (As of Dec. 2016)

GlaxoSmithKline PLC's payable for the three months ended in Dec. 2016 was $4,489 Mil. GlaxoSmithKline PLC's cost of goods sold for the three months ended in Dec. 2016 was $3,131 Mil. Hence, GlaxoSmithKline PLC's days payable for the three months ended in Dec. 2016 was 130.84.

GSK' s Days Payable Range Over the Past 10 Years
Min: 98.94   Max: 345.65
Current: 141.29

98.94
345.65

During the past 13 years, GlaxoSmithKline PLC's highest Days Payable was 345.65. The lowest was 98.94. And the median was 133.85.

GSK's Days Payable is ranked lower than
99.99% of the 522 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 73.13 vs. GSK: 141.29 )

GlaxoSmithKline PLC's days payable increased from Dec. 2015 (112.04) to Dec. 2016 (130.84). It may suggest that GlaxoSmithKline PLC 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.

GlaxoSmithKline PLC'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
=4489.38826467/11598.0024969*365
=141.29

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=4489.38826467/3131.08614232*365 / 4
=130.84

* 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.

GlaxoSmithKline PLC Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 340.84345.65334.9398.94122.16122.79116.45139.06128.63141.29

GlaxoSmithKline PLC Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 0.00125.470.000.000.00112.040.000.000.00130.84
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