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GuruFocus has detected 4 Warning Signs with Mohawk Industries Inc $MHK.
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Mohawk Industries Inc (NYSE:MHK)
Days Payable
44.62 (As of Dec. 2016)

Mohawk Industries Inc's payable for the three months ended in Dec. 2016 was $729 Mil. Mohawk Industries Inc's cost of goods sold for the three months ended in Dec. 2016 was $1,492 Mil. Hence, Mohawk Industries Inc's days payable for the three months ended in Dec. 2016 was 44.62.

MHK' s Days Payable Range Over the Past 10 Years
Min: 22.6   Max: 44.94
Current: 43.32

22.6
44.94

During the past 13 years, Mohawk Industries Inc's highest Days Payable was 44.94. The lowest was 22.60. And the median was 32.94.

MHK's Days Payable is ranked lower than
63% of the 484 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 54.04 vs. MHK: 43.32 )

Mohawk Industries Inc's days payable declined from Dec. 2015 (46.23) to Dec. 2016 (44.62). It may suggest that Mohawk Industries Inc 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.

Mohawk Industries Inc's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=729.415/6146.262*365
=43.32

Mohawk Industries Inc's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=729.415/1491.567*365 / 4
=44.62

* 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.

Mohawk Industries Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 26.6322.6029.7732.9332.1932.9442.4840.2144.9443.32

Mohawk Industries Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 45.5040.2842.2746.5447.2446.2344.7445.9044.6644.62
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