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NewMarket Corp (NYSE:NEU)
Days Payable
34.47 (As of Sep. 2016)

NewMarket Corp's payable for the three months ended in Sep. 2016 was $128 Mil. NewMarket Corp's cost of goods sold for the three months ended in Sep. 2016 was $339 Mil. Hence, NewMarket Corp's days payable for the three months ended in Sep. 2016 was 34.47.

NEU' s Days Payable Range Over the Past 10 Years
Min: 16.95   Max: 35.42
Current: 34.78

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
66% of the 829 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 49.64 vs. NEU: 34.78 )

NewMarket Corp's days payable increased from Sep. 2015 (31.47) to Sep. 2016 (34.47). It may suggest that NewMarket Corp 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.

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 Sep. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=127.953/338.689*365 / 4
=34.47

* 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.

NewMarket Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 29.8235.4216.9530.1731.1123.7527.5430.0930.0932.15

NewMarket Corp Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysPayable 28.5327.7032.1032.8830.8531.4736.0030.8336.0434.47
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