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GuruFocus has detected 5 Warning Signs with II-VI Inc $IIVI.
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II-VI Inc (NAS:IIVI)
Days Payable
40.21 (As of Dec. 2016)

II-VI Inc's payable for the three months ended in Dec. 2016 was $60.6 Mil. II-VI Inc's cost of goods sold for the three months ended in Dec. 2016 was $137.6 Mil. Hence, II-VI Inc's days payable for the three months ended in Dec. 2016 was 40.21.

IIVI' s Days Payable Range Over the Past 10 Years
Min: 20.01   Max: 40.39
Current: 40.39

20.01
40.39

During the past 13 years, II-VI Inc's highest Days Payable was 40.39. The lowest was 20.01. And the median was 34.58.

IIVI's Days Payable is ranked lower than
67% of the 1434 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 57.09 vs. IIVI: 40.39 )

II-VI Inc's days payable increased from Dec. 2015 (29.50) to Dec. 2016 (40.21). It may suggest that II-VI Inc 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.

II-VI Inc's Days Payable for the fiscal year that ended in Jun. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=53.796/514.403*365
=38.17

II-VI Inc's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=60.616/137.559*365 / 4
=40.21

* 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.

II-VI Inc Annual Data

Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15Jun16
DaysPayable 35.0732.2120.0137.0230.9234.0824.8036.5935.1338.17

II-VI Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 37.1431.3231.9533.9530.4329.5034.0432.9842.3440.21
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