Switch to:
Medtronic Inc (NYSE:MDT)
Days Payable
57.77 (As of Oct. 2014)

Medtronic Inc's payable for the three months ended in Oct. 2014 was $723 Mil. Medtronic Inc's cost of goods sold for the three months ended in Oct. 2014 was $1,142 Mil. Hence, Medtronic Inc's days payable for the three months ended in Oct. 2014 was 57.77.

Medtronic Inc's days payable increased from Oct. 2013 (51.90) to Oct. 2014 (57.77). It may suggest that Medtronic 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.

Medtronic Inc's Days Payable for the fiscal year that ended in Apr. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=742/4333*365
=62.50

Medtronic Inc's Days Payable for the quarter that ended in Oct. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=723/1142*365 / 4
=57.77

* 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.

Medtronic Inc Annual Data

Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14
DaysPayable 55.5141.3632.4940.5739.6340.2247.6853.0355.0262.50

Medtronic Inc Quarterly Data

Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14
DaysPayable 48.8649.2951.9750.0555.9851.9049.2857.8256.5757.77
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK