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Medtronic PLC (NYSE:MDT)
Days Payable
50.07 (As of Apr. 2015)

Medtronic PLC's payable for the three months ended in Apr. 2015 was $1,610 Mil. Medtronic PLC's cost of goods sold for the three months ended in Apr. 2015 was $2,934 Mil. Hence, Medtronic PLC's days payable for the three months ended in Apr. 2015 was 50.07.

Medtronic PLC's days payable declined from Apr. 2014 (57.82) to Apr. 2015 (50.07). It may suggest that Medtronic PLC 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.

Medtronic PLC's Days Payable for the fiscal year that ended in Apr. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1610/6309*365
=93.14

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1610/2934*365 / 4
=50.07

* 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

Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14Apr15
DaysPayable 41.3632.4940.5739.6340.2250.4153.0360.2462.5093.14

Medtronic PLC Quarterly Data

Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15
DaysPayable 51.9754.8055.9851.9049.2857.8256.5757.7751.3750.07
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