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NewMarket Corp (NYSE:NEU)
Days Payable
30.83 (As of Mar. 2016)

NewMarket Corp's payable for the three months ended in Mar. 2016 was $113 Mil. NewMarket Corp's cost of goods sold for the three months ended in Mar. 2016 was $334 Mil. Hence, NewMarket Corp's days payable for the three months ended in Mar. 2016 was 30.83.

NEU' s Days Payable Range Over the Past 10 Years
Min: 16.95   Max: 35.42
Current: 29.08

16.95
35.42

During the past 13 years, NewMarket Corp's highest Days Payable was 35.42. The lowest was 16.95. And the median was 30.09.

NEU's Days Payable is ranked lower than
74% of the 897 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 47.82 vs. NEU: 29.08 )

NewMarket Corp's days payable declined from Mar. 2015 (32.88) to Mar. 2016 (30.83). It may suggest that NewMarket Corp 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.

NewMarket Corp'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
=128.745/1461.774*365
=32.15

NewMarket Corp's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=112.966/334.377*365 / 4
=30.83

* 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.

NewMarket Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 29.8235.4216.9530.1731.1123.6927.4630.0930.0932.15

NewMarket Corp Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 30.2428.2028.5327.7032.1032.8830.8531.4736.0030.83
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