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McCormick & Company Inc (NYSE:MKC)
Days Payable
49.19 (As of Feb. 2015)

McCormick & Company Inc's payable for the three months ended in Feb. 2015 was $335 Mil. McCormick & Company Inc's cost of goods sold for the three months ended in Feb. 2015 was $621 Mil. Hence, McCormick & Company Inc's days payable for the three months ended in Feb. 2015 was 49.19.

McCormick & Company Inc's days payable declined from Feb. 2014 (52.76) to Feb. 2015 (49.19). 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. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=372.1/2513*365
=54.05

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=334.6/620.7*365 / 4
=49.19

* 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

Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13Nov14
DaysPayable 46.5151.1351.5051.4358.4657.5761.5257.2457.5254.05

McCormick & Company Inc Quarterly Data

Nov12Feb13May13Aug13Nov13Feb14May14Aug14Nov14Feb15
DaysPayable 51.6954.2148.3348.6752.9252.7649.3549.6550.8749.19
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