Switch to:
National Grid PLC (NYSE:NGG)
Days Payable
55.90 (As of Mar. 2015)

National Grid PLC's payable for the six months ended in Mar. 2015 was $3,064 Mil. National Grid PLC's cost of goods sold for the six months ended in Mar. 2015 was $10,004 Mil. Hence, National Grid PLC's days payable for the six months ended in Mar. 2015 was 55.90.

National Grid PLC's days payable declined from Mar. 2014 (60.19) to Mar. 2015 (55.90). It may suggest that National Grid PLC 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.

National Grid PLC's Days Payable for the fiscal year that ended in Mar. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=3064.27503737/17071.7488789*365
=65.52

National Grid PLC's Days Payable for the quarter that ended in Mar. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=3064.27503737/10004.4843049*365 / 2
=55.90

* 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.

National Grid PLC Annual Data

Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15
DaysPayable 168.02107.90142.3057.53128.0159.2495.2169.9464.0165.52

National Grid PLC Semi-Annual Data

Sep10Mar11Sep11Mar12Sep12Mar13Sep13Mar14Sep14Mar15
DaysPayable 91.1254.6697.3989.4393.3359.160.0060.190.0055.90
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership

FEEDBACK