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Rio Tinto PLC (NYSE:RIO)
Days Payable
27.30 (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 $34,657 Mil. Hence, Rio Tinto PLC's days payable for the six months ended in Dec. 2014 was 13.65.

RIO' s Days Payable Range Over the Past 10 Years
Min: 27.3   Max: 175.87
Current: 27.3

27.3
175.87

During the past 13 years, Rio Tinto PLC's highest Days Payable was 175.87. The lowest was 27.30. And the median was 69.79.

RIO's Days Payable is ranked lower than
63% of the 450 Companies
in the Global Industrial Metals & Minerals industry.

( Industry Median: 41.83 vs. RIO: 27.30 )

Rio Tinto PLC's days payable declined from Dec. 2012 (32.26) to Dec. 2014 (27.30). 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
=2592/34657*365 / 2
=13.65

* 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 96.9877.84175.8769.790.000.000.0032.2630.4927.30

Rio Tinto PLC Semi-Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 96.9877.84175.8769.790.000.000.0032.2630.4927.30
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