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Rio Tinto PLC (NYSE:RIO)
Days Payable
26.63 (As of Dec. 2014)

Rio Tinto PLC's payable for the six months ended in Dec. 2014 was $2,592 Mil. Rio Tinto PLC's cost of goods sold for the six months ended in Dec. 2014 was $17,764 Mil. Hence, Rio Tinto PLC's days payable for the six months ended in Dec. 2014 was 26.63.

Rio Tinto PLC's days payable declined from Dec. 2013 (31.36) to Dec. 2014 (26.63). 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. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2592/34657*365
=27.30

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2592/17764*365 / 2
=26.63

* 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

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 96.9877.84175.8769.7962.160.0094.4332.2531.2927.30

Rio Tinto PLC Semi-Annual Data

Jun10Dec10Jun11Dec11Jun12Dec12Jun13Dec13Jun14Dec14
DaysPayable 0.000.000.0091.020.0030.800.0031.360.0026.63
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