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JC Penney Co Inc (NYSE:JCP)
Days Payable
32.06 (As of Jan. 2016)

JC Penney Co Inc's payable for the three months ended in Jan. 2016 was $925 Mil. JC Penney Co Inc's cost of goods sold for the three months ended in Jan. 2016 was $2,633 Mil. Hence, JC Penney Co Inc's days payable for the three months ended in Jan. 2016 was 32.06.

JCP' s Days Payable Range Over the Past 10 Years
Min: 33.78   Max: 47.55
Current: 45.11

33.78
47.55

During the past 13 years, JC Penney Co Inc's highest Days Payable was 47.55. The lowest was 33.78. And the median was 41.93.

JCP's Days Payable is ranked lower than
56% of the 715 Companies
in the Global Department Stores industry.

( Industry Median: 49.39 vs. JCP: 45.11 )

JC Penney Co Inc's days payable declined from Jan. 2015 (35.28) to Jan. 2016 (32.06). It may suggest that JC Penney Co Inc 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.

JC Penney Co Inc's Days Payable for the fiscal year that ended in Jan. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=925/8074*365
=41.82

JC Penney Co Inc's Days Payable for the quarter that ended in Jan. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=925/2633*365 / 4
=32.06

* 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.

JC Penney Co Inc Annual Data

Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16
DaysPayable 41.2844.0843.5942.0338.2933.7847.5541.3645.5141.82

JC Penney Co Inc Quarterly Data

Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16
DaysPayable 31.9440.9350.1367.1735.2853.4156.5673.0532.0650.64
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