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Rio Tinto PLC (NYSE:RIO)
Days Payable
33.67 (As of Dec. 2015)

Rio Tinto PLC's payable for the six months ended in Dec. 2015 was $2,567 Mil. Rio Tinto PLC's cost of goods sold for the six months ended in Dec. 2015 was $13,912 Mil. Hence, Rio Tinto PLC's days payable for the six months ended in Dec. 2015 was 33.67.

RIO' s Days Payable Range Over the Past 10 Years
Min: 27.9   Max: 175.87
Current: 34.23

27.9
175.87

During the past 13 years, Rio Tinto PLC's highest Days Payable was 175.87. The lowest was 27.90. And the median was 33.56.

RIO's Days Payable is ranked lower than
58% of the 500 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 43.90 vs. RIO: 34.23 )

Rio Tinto PLC's days payable increased from Dec. 2014 (27.80) to Dec. 2015 (33.67). It may suggest that Rio Tinto PLC 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.

Rio Tinto PLC'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
=2567/27919*365
=33.56

Rio Tinto PLC's Days Payable for the quarter that ended in Dec. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2567/13912*365 / 2
=33.67

* 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.

Rio Tinto PLC Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 77.84175.8767.750.000.000.0030.6531.2927.9033.56

Rio Tinto PLC Semi-Annual Data

Jun11Dec11Jun12Dec12Jun13Dec13Jun14Dec14Jun15Dec15
DaysPayable 0.000.000.0028.010.0031.360.0027.800.0033.67
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