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Office Depot Inc (NAS:ODP)
Days Payable
38.32 (As of Sep. 2016)

Office Depot Inc's payable for the three months ended in Sep. 2016 was $886 Mil. Office Depot Inc's cost of goods sold for the three months ended in Sep. 2016 was $2,110 Mil. Hence, Office Depot Inc's days payable for the three months ended in Sep. 2016 was 38.32.

ODP' s Days Payable Range Over the Past 10 Years
Min: 39.7   Max: 60.41
Current: 32.56

39.7
60.41

During the past 13 years, Office Depot Inc's highest Days Payable was 60.41. The lowest was 39.70. And the median was 45.46.

ODP's Days Payable is ranked lower than
73% of the 649 Companies
in the Global Specialty Retail industry.

( Industry Median: 50.84 vs. ODP: 32.56 )

Office Depot Inc's days payable declined from Sep. 2015 (41.12) to Sep. 2016 (38.32). 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. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1340/12320*365
=39.70

Office Depot Inc's Days Payable for the quarter that ended in Sep. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=886/2110*365 / 4
=38.32

* 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

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 55.0152.6843.5645.1047.6444.9845.8260.4139.7043.83

Office Depot Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysPayable 39.4637.9641.5638.8342.5741.1245.1838.4342.2838.32
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