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Medtronic PLC (NYSE:MDT)
Days Payable
51.37 (As of Jan. 2015)

Medtronic PLC's payable for the three months ended in Jan. 2015 was $635 Mil. Medtronic PLC's cost of goods sold for the three months ended in Jan. 2015 was $1,128 Mil. Hence, Medtronic PLC's days payable for the three months ended in Jan. 2015 was 51.37.

Medtronic PLC's days payable increased from Jan. 2014 (49.28) to Jan. 2015 (51.37). 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. 2014 is calculated as

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

Medtronic PLC's Days Payable for the quarter that ended in Jan. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=635/1128*365 / 4
=51.37

* 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

Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14
DaysPayable 55.5141.3632.4940.5739.6340.2250.4153.0360.2462.50

Medtronic PLC Quarterly Data

Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14Jan15
DaysPayable 49.2951.9754.8055.9851.9049.2857.8256.5757.7751.37
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