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Meredith Corp (NYSE:MDP)
Days Payable
49.65 (As of Jun. 2016)

Meredith Corp's payable for the three months ended in Jun. 2016 was $82 Mil. Meredith Corp's cost of goods sold for the three months ended in Jun. 2016 was $151 Mil. Hence, Meredith Corp's days payable for the three months ended in Jun. 2016 was 49.65.

MDP' s Days Payable Range Over the Past 10 Years
Min: 42.82   Max: 70.09
Current: 48.98

42.82
70.09

During the past 13 years, Meredith Corp's highest Days Payable was 70.09. The lowest was 42.82. And the median was 50.01.

MDP's Days Payable is ranked lower than
67% of the 119 Companies
in the Global Publishing industry.

( Industry Median: 77.64 vs. MDP: 48.98 )

Meredith Corp's days payable declined from Jun. 2015 (52.81) to Jun. 2016 (49.65). It may suggest that Meredith Corp 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.

Meredith Corp's Days Payable for the fiscal year that ended in Jun. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=82.107/611.872*365
=48.98

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=82.107/150.89*365 / 4
=49.65

* 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.

Meredith Corp Annual Data

Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15Jun16
DaysPayable 43.0842.8248.7670.0954.5948.6051.0452.4057.2548.98

Meredith Corp Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysPayable 38.1549.7649.7049.6449.4352.8157.7546.4341.4549.65
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