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Medtronic PLC (NYSE:MDT)
Days Payable
65.18 (As of Jul. 2016)

Medtronic PLC's payable for the three months ended in Jul. 2016 was $1,615 Mil. Medtronic PLC's cost of goods sold for the three months ended in Jul. 2016 was $2,261 Mil. Hence, Medtronic PLC's days payable for the three months ended in Jul. 2016 was 65.18.

MDT' s Days Payable Range Over the Past 10 Years
Min: 32.49   Max: 93.14
Current: 65.89

32.49
93.14

During the past 13 years, Medtronic PLC's highest Days Payable was 93.14. The lowest was 32.49. And the median was 51.72.

MDT's Days Payable is ranked higher than
55% of the 258 Companies
in the Global Medical Devices industry.

( Industry Median: 57.81 vs. MDT: 65.89 )

Medtronic PLC's days payable increased from Jul. 2015 (49.08) to Jul. 2016 (65.18). It may suggest that Medtronic PLC 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 PLC's Days Payable for the fiscal year that ended in Apr. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1709/9142*365
=68.23

Medtronic PLC's Days Payable for the quarter that ended in Jul. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1615/2261*365 / 4
=65.18

* 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 PLC Annual Data

Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14Apr15Apr16
DaysPayable 32.4940.5739.6340.2250.4153.0360.2462.5093.1468.23

Medtronic PLC Quarterly Data

Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16
DaysPayable 57.8256.5757.7751.3750.0749.0860.5161.2566.0065.18
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