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GuruFocus has detected 2 Warning Signs with Mueller Industries Inc $MLI.
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Mueller Industries Inc (NYSE:MLI)
Days Payable
23.77 (As of Dec. 2016)

Mueller Industries Inc's payable for the three months ended in Dec. 2016 was $103 Mil. Mueller Industries Inc's cost of goods sold for the three months ended in Dec. 2016 was $396 Mil. Hence, Mueller Industries Inc's days payable for the three months ended in Dec. 2016 was 23.77.

MLI' s Days Payable Range Over the Past 10 Years
Min: 10.42   Max: 22.06
Current: 24.24

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
89% of the 1323 Companies
in the Global Metal Fabrication industry.

( Industry Median: 66.49 vs. MLI: 24.24 )

Mueller Industries Inc's days payable increased from Dec. 2015 (19.53) to Dec. 2016 (23.77). 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. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=103.175/1723.499*365
=21.85

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=103.175/396.129*365 / 4
=23.77

* 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
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