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GuruFocus has detected 8 Warning Signs with Meredith Corp $MDP.
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Meredith Corp (NYSE:MDP)
Days Payable
46.47 (As of Dec. 2016)

Meredith Corp's payable for the three months ended in Dec. 2016 was $76 Mil. Meredith Corp's cost of goods sold for the three months ended in Dec. 2016 was $149 Mil. Hence, Meredith Corp's days payable for the three months ended in Dec. 2016 was 46.47.

MDP' s Days Payable Range Over the Past 10 Years
Min: 42.82   Max: 70.09
Current: 45.56

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
69% of the 112 Companies
in the Global Publishing industry.

( Industry Median: 80.68 vs. MDP: 45.56 )

Meredith Corp's days payable increased from Dec. 2015 (46.43) to Dec. 2016 (46.47). It may suggest that Meredith Corp 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.

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 Dec. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=75.694/148.625*365 / 4
=46.47

* 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.

Meredith Corp Annual Data

Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15Jun16
DaysPayable 43.0842.8248.7670.0954.5948.6051.0452.4057.2548.98

Meredith Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 49.7049.6449.4352.8157.7546.4341.4549.6545.2546.47
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