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JC Penney Co Inc (NYSE:JCP)
Days Payable
73.05 (As of Oct. 2015)

JC Penney Co Inc's payable for the three months ended in Oct. 2015 was $1,453 Mil. JC Penney Co Inc's cost of goods sold for the three months ended in Oct. 2015 was $1,815 Mil. Hence, JC Penney Co Inc's days payable for the three months ended in Oct. 2015 was 73.05.

JCP' s Days Payable Range Over the Past 10 Years
Min: 33.78   Max: 47.55
Current: 97.47

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 41.70.

JCP's Days Payable is ranked higher than
81% of the 712 Companies
in the Global Department Stores industry.

( Industry Median: 52.46 vs. JCP: 97.47 )

JC Penney Co Inc's days payable increased from Oct. 2014 (67.17) to Oct. 2015 (73.05). It may suggest that JC Penney Co 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.

JC Penney Co Inc's Days Payable for the fiscal year that ended in Jan. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=997/7996*365
=45.51

JC Penney Co Inc's Days Payable for the quarter that ended in Oct. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1453/1815*365 / 4
=73.05

* 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

Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15
DaysPayable 37.4841.2844.0843.5942.0338.2933.7847.5541.3645.51

JC Penney Co Inc Quarterly Data

Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15
DaysPayable 62.0765.6031.9440.9350.1367.1735.2853.4156.5673.05
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