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GuruFocus has detected 3 Warning Signs with Level 3 Communications Inc $LVLT.
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Level 3 Communications Inc (NYSE:LVLT)
Days Payable
63.66 (As of Dec. 2016)

Level 3 Communications Inc's payable for the three months ended in Dec. 2016 was $706 Mil. Level 3 Communications Inc's cost of goods sold for the three months ended in Dec. 2016 was $1,012 Mil. Hence, Level 3 Communications Inc's days payable for the three months ended in Dec. 2016 was 63.66.

LVLT' s Days Payable Range Over the Past 10 Years
Min: 53.83   Max: 159.82
Current: 63.3

53.83
159.82

During the past 13 years, Level 3 Communications Inc's highest Days Payable was 159.82. The lowest was 53.83. And the median was 73.74.

LVLT's Days Payable is ranked lower than
51% of the 261 Companies
in the Global Telecom Services industry.

( Industry Median: 63.62 vs. LVLT: 63.30 )

Level 3 Communications Inc's days payable increased from Dec. 2015 (54.56) to Dec. 2016 (63.66). It may suggest that Level 3 Communications 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.

Level 3 Communications Inc'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
=706/4071*365
=63.30

Level 3 Communications 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
=706/1012*365 / 4
=63.66

* 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.

Level 3 Communications Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 78.8573.6584.8983.74159.8273.8361.9164.2053.8363.30

Level 3 Communications Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 60.6058.2653.1954.8953.4854.5660.1368.5065.6463.66
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