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GuruFocus has detected 4 Warning Signs with PPG Industries Inc $PPG.
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PPG Industries Inc (NYSE:PPG)
Days Payable
89.95 (As of Dec. 2016)

PPG Industries Inc's payable for the three months ended in Dec. 2016 was $1,940 Mil. PPG Industries Inc's cost of goods sold for the three months ended in Dec. 2016 was $1,968 Mil. Hence, PPG Industries Inc's days payable for the three months ended in Dec. 2016 was 89.95.

PPG' s Days Payable Range Over the Past 10 Years
Min: 50.39   Max: 87.82
Current: 85.81

50.39
87.82

During the past 13 years, PPG Industries Inc's highest Days Payable was 87.82. The lowest was 50.39. And the median was 76.31.

PPG's Days Payable is ranked higher than
77% of the 818 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 49.21 vs. PPG: 85.81 )

PPG Industries Inc's days payable increased from Dec. 2015 (86.18) to Dec. 2016 (89.95). It may suggest that PPG Industries Inc 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.

PPG Industries 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
=1940/8063*365
=87.82

PPG Industries 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
=1940/1968*365 / 4
=89.95

* 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.

PPG Industries Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 55.1150.3967.0172.2574.8177.8178.5883.9083.8987.82

PPG Industries Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 0.00101.690.000.000.0086.180.000.000.0089.95
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