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Mueller Industries Inc (NYSE:MLI)
Days Payable
20.09 (As of Mar. 2016)

Mueller Industries Inc's payable for the three months ended in Mar. 2016 was $98 Mil. Mueller Industries Inc's cost of goods sold for the three months ended in Mar. 2016 was $447 Mil. Hence, Mueller Industries Inc's days payable for the three months ended in Mar. 2016 was 20.09.

MLI' s Days Payable Range Over the Past 10 Years
Min: 10.42   Max: 22.06
Current: 19.99

10.42
22.06

During the past 13 years, Mueller Industries Inc's highest Days Payable was 22.06. The lowest was 10.42. And the median was 16.71.

MLI's Days Payable is ranked lower than
90% of the 1429 Companies
in the Global Metal Fabrication industry.

( Industry Median: 61.98 vs. MLI: 19.99 )

Mueller Industries Inc's days payable increased from Mar. 2015 (19.96) to Mar. 2016 (20.09). It may suggest that Mueller Industries 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.

Mueller Industries Inc's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=88.051/1809.702*365
=17.76

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=98.324/446.642*365 / 4
=20.09

* 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.

Mueller Industries Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 16.6322.0610.4220.3113.9511.3116.7815.8617.9917.76

Mueller Industries Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 17.5020.1516.6316.1619.6019.9617.4022.1919.5320.09
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