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Royal Caribbean Cruises Ltd (NYSE:RCL)
Days Payable
17.64 (As of Sep. 2016)

Royal Caribbean Cruises Ltd's payable for the three months ended in Sep. 2016 was $259 Mil. Royal Caribbean Cruises Ltd's cost of goods sold for the three months ended in Sep. 2016 was $1,340 Mil. Hence, Royal Caribbean Cruises Ltd's days payable for the three months ended in Sep. 2016 was 17.64.

RCL' s Days Payable Range Over the Past 10 Years
Min: 18.66   Max: 25.61
Current: 18.66

18.66
25.61

During the past 13 years, Royal Caribbean Cruises Ltd's highest Days Payable was 25.61. The lowest was 18.66. And the median was 22.14.

RCL's Days Payable is ranked lower than
79% of the 536 Companies
in the Global Leisure industry.

( Industry Median: 45.38 vs. RCL: 18.66 )

Royal Caribbean Cruises Ltd's days payable declined from Sep. 2015 (20.11) to Sep. 2016 (17.64). It may suggest that Royal Caribbean Cruises Ltd 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.

Royal Caribbean Cruises Ltd'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
=302.072/5099.393*365
=21.62

Royal Caribbean Cruises Ltd's Days Payable for the quarter that ended in Sep. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=259.027/1340.123*365 / 4
=17.64

* 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.

Royal Caribbean Cruises Ltd Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 21.7720.4320.3323.7220.3922.5024.8825.6122.8021.62

Royal Caribbean Cruises Ltd Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysPayable 22.7321.7924.3025.1423.8420.1123.4927.3322.2517.64
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