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ArcelorMittal SA (NYSE:MT)
Days Payable
12.56 (As of Dec. 2015)

ArcelorMittal SA's payable for the three months ended in Dec. 2015 was $8,977 Mil. ArcelorMittal SA's cost of goods sold for the three months ended in Dec. 2015 was $65,196 Mil. Hence, ArcelorMittal SA's days payable for the three months ended in Dec. 2015 was 12.56.

MT' s Days Payable Range Over the Past 10 Years
Min: 5.13   Max: 85.57
Current: 34.2

5.13
85.57

During the past 13 years, ArcelorMittal SA's highest Days Payable was 85.57. The lowest was 5.13. And the median was 60.63.

MT's Days Payable is ranked lower than
60% of the 456 Companies
in the Global Steel industry.

( Industry Median: 42.93 vs. MT: 34.20 )

ArcelorMittal SA's days payable declined from Dec. 2014 (1,063.96) to Dec. 2015 (12.56). It may suggest that ArcelorMittal SA 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.

ArcelorMittal SA'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
=8977/65196*365
=50.26

ArcelorMittal SA's Days Payable for the quarter that ended in Dec. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=8977/65196*365 / 4
=12.56

* 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.

ArcelorMittal SA Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 85.5760.1136.1566.2568.070.005.1361.140.0050.26

ArcelorMittal SA Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
DaysPayable 957.3616.010.001,224.570.001,063.960.000.000.0012.56
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