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Rio Tinto PLC (NYSE:RIO)
Days Payable
29.15 (As of Jun. 2014)

Rio Tinto PLC's payable for the six months ended in Jun. 2014 was $7,795 Mil. Rio Tinto PLC's revenue for the six months ended in Jun. 2014 was $24,337 Mil. Hence, Rio Tinto PLC's days payable for the six months ended in Jun. 2014 was 29.15.

Rio Tinto PLC's days payable declined from Jun. 2013 (36.23) to Jun. 2014 (29.15). It may suggest that Rio Tinto PLC 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.

Rio Tinto PLC's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=6184/51171*365
=44.11

Rio Tinto PLC's Days Payable for the quarter that ended in Jun. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=7795/24337*91
=29.15

* 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

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 80.0942.0024.4238.6519.3461.8660.3273.8344.2044.11

Rio Tinto PLC Semi-Annual Data

Dec09Jun10Dec10Jun11Dec11Jun12Dec12Jun13Dec13Jun14
DaysPayable 29.194.8627.126.4135.4030.3021.9136.2321.1129.15
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