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McCormick & Co Inc (NYSE:MKC)
Days Payable
49.14 (As of Feb. 2016)

McCormick & Co Inc's payable for the three months ended in Feb. 2016 was $337 Mil. McCormick & Co Inc's cost of goods sold for the three months ended in Feb. 2016 was $625 Mil. Hence, McCormick & Co Inc's days payable for the three months ended in Feb. 2016 was 49.14.

MKC' s Days Payable Range Over the Past 10 Years
Min: 51.13   Max: 61.52
Current: 47.94

51.13
61.52

During the past 13 years, McCormick & Co Inc's highest Days Payable was 61.52. The lowest was 51.13. And the median was 57.38.

MKC's Days Payable is ranked higher than
53% of the 1081 Companies
in the Global Packaged Foods industry.

( Industry Median: 45.21 vs. MKC: 47.94 )

McCormick & Co Inc's days payable declined from Feb. 2015 (49.19) to Feb. 2016 (49.14). It may suggest that McCormick & Co 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 & Co 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 & Co Inc's Days Payable for the quarter that ended in Feb. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=336.7/625.2*365 / 4
=49.14

* 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 & Co Inc Annual Data

Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13Nov14Nov15
DaysPayable 51.1351.5051.4358.4657.5761.5257.2457.5254.0558.75

McCormick & Co Inc Quarterly Data

Nov13Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16
DaysPayable 52.9252.7649.3549.6550.8749.1949.7148.0755.2649.14
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