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GuruFocus has detected 4 Warning Signs with McCormick & Co Inc $MKC.
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McCormick & Co Inc (NYSE:MKC)
Days Payable
64.87 (As of Feb. 2017)

McCormick & Co Inc's payable for the three months ended in Feb. 2017 was $448 Mil. McCormick & Co Inc's cost of goods sold for the three months ended in Feb. 2017 was $631 Mil. Hence, McCormick & Co Inc's days payable for the three months ended in Feb. 2017 was 64.87.

MKC' s Days Payable Range Over the Past 10 Years
Min: 51.43   Max: 63.78
Current: 63.31

51.43
63.78

During the past 13 years, McCormick & Co Inc's highest Days Payable was 63.78. The lowest was 51.43. And the median was 57.55.

MKC's Days Payable is ranked higher than
63% of the 1023 Companies
in the Global Packaged Foods industry.

( Industry Median: 45.59 vs. MKC: 63.31 )

McCormick & Co Inc's days payable increased from Feb. 2016 (49.14) to Feb. 2017 (64.87). It may suggest that McCormick & Co Inc 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.

McCormick & Co Inc's Days Payable for the fiscal year that ended in Nov. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=450.8/2579.8*365
=63.78

McCormick & Co Inc's Days Payable for the quarter that ended in Feb. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=448.4/630.7*365 / 4
=64.87

* 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.

McCormick & Co Inc Annual Data

Nov07Nov08Nov09Nov10Nov11Nov12Nov13Nov14Nov15Nov16
DaysPayable 51.5051.4358.4657.5761.5257.2457.5254.0558.7563.78

McCormick & Co Inc Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
DaysPayable 50.8749.1949.7148.0755.2649.1453.0051.7059.8864.87
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