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Matthews International Corporation (NAS:MATW)
Days Payable
23.86 (As of Mar. 2016)

Matthews International Corporation's payable for the three months ended in Mar. 2016 was $60 Mil. Matthews International Corporation's cost of goods sold for the three months ended in Mar. 2016 was $229 Mil. Hence, Matthews International Corporation's days payable for the three months ended in Mar. 2016 was 23.86.

MATW' s Days Payable Range Over the Past 10 Years
Min: 17.79   Max: 36.82
Current: 23.98

17.79
36.82

During the past 13 years, Matthews International Corporation's highest Days Payable was 36.82. The lowest was 17.79. And the median was 26.42.

MATW's Days Payable is ranked lower than
59% of the 71 Companies
in the Global Personal Services industry.

( Industry Median: 32.80 vs. MATW: 23.98 )

Matthews International Corporation's days payable declined from Mar. 2015 (24.69) to Mar. 2016 (23.86). It may suggest that Matthews International Corporation 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.

Matthews International Corporation's Days Payable for the fiscal year that ended in Sep. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=68.896/896.693*365
=28.04

Matthews International Corporation's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=59.998/229.416*365 / 4
=23.86

* 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.

Matthews International Corporation Annual Data

Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15
DaysPayable 22.1417.7919.6221.4826.5928.6928.6826.2536.8228.04

Matthews International Corporation Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 26.0526.7627.7228.2022.1024.6924.4527.7225.1723.86
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