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ITT Corp (NYSE:ITT)
Days Payable
61.69 (As of Dec. 2015)

ITT Corp's payable for the three months ended in Dec. 2015 was $315 Mil. ITT Corp's cost of goods sold for the three months ended in Dec. 2015 was $466 Mil. Hence, ITT Corp's days payable for the three months ended in Dec. 2015 was 61.69.

ITT' s Days Payable Range Over the Past 10 Years
Min: 53.4   Max: 417.53
Current: 68.52

53.4
417.53

During the past 13 years, ITT Corp's highest Days Payable was 417.53. The lowest was 53.40. And the median was 70.04.

ITT's Days Payable is ranked higher than
53% of the 1419 Companies
in the Global Diversified Industrials industry.

( Industry Median: 63.07 vs. ITT: 68.52 )

ITT Corp's days payable declined from Dec. 2014 (63.76) to Dec. 2015 (61.69). It may suggest that ITT Corp 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.

ITT Corp's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=314.7/1676.5*365
=68.52

ITT Corp's Days Payable for the quarter that ended in Dec. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=314.7/465.5*365 / 4
=61.69

* 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.

ITT Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 60.3873.5653.4060.74417.5391.4981.8471.5563.1968.52

ITT Corp Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
DaysPayable 73.0769.4968.3270.0269.0263.7667.3765.9065.4461.69
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