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GuruFocus has detected 4 Warning Signs with ITT Corp $ITT.
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ITT Corp (NYSE:ITT)
Days Payable
66.34 (As of Dec. 2016)

ITT Corp's payable for the three months ended in Dec. 2016 was $302 Mil. ITT Corp's cost of goods sold for the three months ended in Dec. 2016 was $415 Mil. Hence, ITT Corp's days payable for the three months ended in Dec. 2016 was 66.34.

ITT' s Days Payable Range Over the Past 10 Years
Min: 53.4   Max: 417.53
Current: 66.85

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 1174 Companies
in the Global Diversified Industrials industry.

( Industry Median: 62.64 vs. ITT: 66.85 )

ITT Corp's days payable increased from Dec. 2015 (61.69) to Dec. 2016 (66.34). It may suggest that ITT 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.

ITT Corp'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
=301.7/1647.2*365
=66.85

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=301.7/415*365 / 4
=66.34

* 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.

ITT Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 73.5653.4060.74417.5391.4981.8471.5563.1968.5266.85

ITT Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 69.0263.7667.3765.9065.4461.6964.7267.2669.8366.34
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