Switch to:
GuruFocus has detected 5 Warning Signs with Mueller Industries Inc $MLI.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
Mueller Industries Inc (NYSE:MLI)
Days Payable
19.87 (As of Sep. 2016)

Mueller Industries Inc's payable for the three months ended in Sep. 2016 was $92 Mil. Mueller Industries Inc's cost of goods sold for the three months ended in Sep. 2016 was $425 Mil. Hence, Mueller Industries Inc's days payable for the three months ended in Sep. 2016 was 19.87.

MLI' s Days Payable Range Over the Past 10 Years
Min: 10.42   Max: 22.06
Current: 21.85

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 17.27.

MLI's Days Payable is ranked lower than
87% of the 1025 Companies
in the Global Metal Fabrication industry.

( Industry Median: 59.43 vs. MLI: 21.85 )

Mueller Industries Inc's days payable declined from Sep. 2015 (22.19) to Sep. 2016 (19.87). It may suggest that Mueller Industries 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.

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 Sep. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=92.451/424.668*365 / 4
=19.87

* 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.

Mueller Industries Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 22.0610.4220.3113.9511.3116.7815.8617.9917.7621.85

Mueller Industries Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 16.1619.6019.9617.4022.1919.5320.0921.0419.8723.77
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK