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GuruFocus has detected 5 Warning Signs with Mettler-Toledo International Inc $MTD.
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Mettler-Toledo International Inc (NYSE:MTD)
Days Payable
45.95 (As of Dec. 2016)

Mettler-Toledo International Inc's payable for the three months ended in Dec. 2016 was $147 Mil. Mettler-Toledo International Inc's cost of goods sold for the three months ended in Dec. 2016 was $291 Mil. Hence, Mettler-Toledo International Inc's days payable for the three months ended in Dec. 2016 was 45.95.

MTD' s Days Payable Range Over the Past 10 Years
Min: 41.5   Max: 56.24
Current: 49.88

41.5
56.24

During the past 13 years, Mettler-Toledo International Inc's highest Days Payable was 56.24. The lowest was 41.50. And the median was 49.14.

MTD's Days Payable is ranked higher than
50% of the 129 Companies
in the Global Medical Instruments & Supplies industry.

( Industry Median: 51.97 vs. MTD: 49.88 )

Mettler-Toledo International Inc's days payable increased from Dec. 2015 (45.84) to Dec. 2016 (45.95). It may suggest that Mettler-Toledo International 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.

Mettler-Toledo International 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
=146.593/1072.67*365
=49.88

Mettler-Toledo International 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
=146.593/291.089*365 / 4
=45.95

* 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.

Mettler-Toledo International Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 51.6941.5044.8554.1556.2447.2248.5747.2449.7049.88

Mettler-Toledo International Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 41.2843.9350.7248.8047.0945.8445.8746.1642.0945.95
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