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McCormick & Company Inc (NYSE:MKC)
Days Payable
48.07 (As of Aug. 2015)

McCormick & Company Inc's payable for the three months ended in Aug. 2015 was $336 Mil. McCormick & Company Inc's cost of goods sold for the three months ended in Aug. 2015 was $638 Mil. Hence, McCormick & Company Inc's days payable for the three months ended in Aug. 2015 was 48.07.

MKC' s Days Payable Range Over the Past 10 Years
Min: 46.51   Max: 61.52
Current: 58.75

46.51
61.52

During the past 13 years, McCormick & Company Inc's highest Days Payable was 61.52. The lowest was 46.51. And the median was 55.65.

MKC's Days Payable is ranked higher than
63% of the 1057 Companies
in the Global Packaged Foods industry.

( Industry Median: 43.24 vs. MKC: 58.75 )

McCormick & Company Inc's days payable declined from Aug. 2014 (49.65) to Aug. 2015 (48.07). It may suggest that McCormick & Company 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.

McCormick & Company Inc's Days Payable for the fiscal year that ended in Nov. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=411.9/2559*365
=58.75

McCormick & Company Inc's Days Payable for the quarter that ended in Aug. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=336.1/638*365 / 4
=48.07

* 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.

McCormick & Company Inc Annual Data

Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13Nov14Nov15
DaysPayable 51.1351.5051.4358.4657.5761.5257.2457.5254.0558.75

McCormick & Company Inc Quarterly Data

Aug13Nov13Feb14May14Aug14Nov14Feb15May15Aug15Nov15
DaysPayable 48.6752.9252.7649.3549.6550.8749.1949.7148.0755.26
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