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GuruFocus has detected 2 Warning Signs with Office Depot Inc $ODP.
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Office Depot Inc (NAS:ODP)
Days Payable
39.33 (As of Dec. 2016)

Office Depot Inc's payable for the three months ended in Dec. 2016 was $893 Mil. Office Depot Inc's cost of goods sold for the three months ended in Dec. 2016 was $2,072 Mil. Hence, Office Depot Inc's days payable for the three months ended in Dec. 2016 was 39.33.

ODP' s Days Payable Range Over the Past 10 Years
Min: 34.89   Max: 60.41
Current: 34.89

34.89
60.41

During the past 13 years, Office Depot Inc's highest Days Payable was 60.41. The lowest was 34.89. And the median was 44.33.

ODP's Days Payable is ranked lower than
74% of the 657 Companies
in the Global Specialty Retail industry.

( Industry Median: 53.24 vs. ODP: 34.89 )

Office Depot Inc's days payable declined from Dec. 2015 (42.68) to Dec. 2016 (39.33). It may suggest that Office Depot Inc 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.

Office Depot 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
=893/8313*365
=39.21

Office Depot 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
=893/2072*365 / 4
=39.33

* 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.

Office Depot Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 52.6843.5645.1047.6441.2941.8260.4150.2540.6439.21

Office Depot Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 37.96343.4738.8342.5750.1342.6838.4342.2838.3239.33
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