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International Business Machines Corp (NYSE:IBM)
Days Payable
47.89 (As of Sep. 2015)

International Business Machines Corp's payable for the three months ended in Sep. 2015 was $5,166 Mil. International Business Machines Corp's cost of goods sold for the three months ended in Sep. 2015 was $9,844 Mil. Hence, International Business Machines Corp's days payable for the three months ended in Sep. 2015 was 47.89.

IBM' s Days Payable Range Over the Past 10 Years
Min: 44.16   Max: 55.27
Current: 53.59

44.16
55.27

During the past 13 years, International Business Machines Corp's highest Days Payable was 55.27. The lowest was 44.16. And the median was 53.45.

IBM's Days Payable is ranked higher than
58% of the 1300 Companies
in the Global Information Technology Services industry.

( Industry Median: 44.65 vs. IBM: 53.59 )

International Business Machines Corp's days payable increased from Sep. 2014 (46.37) to Sep. 2015 (47.89). It may suggest that International Business Machines Corp 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.

International Business Machines Corp's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=6864/46386*365
=54.01

International Business Machines Corp's Days Payable for the quarter that ended in Sep. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=5166/9844*365 / 4
=47.89

* 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.

International Business Machines Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 54.7151.5244.1652.2252.8954.7555.2754.8154.0153.59

International Business Machines Corp Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
DaysPayable 47.990.0053.9647.6746.370.0056.8352.0347.8951.64
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