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Steelcase Inc (NYSE:SCS)
Days Payable
37.24 (As of Feb. 2016)

Steelcase Inc's payable for the three months ended in Feb. 2016 was $210 Mil. Steelcase Inc's cost of goods sold for the three months ended in Feb. 2016 was $514 Mil. Hence, Steelcase Inc's days payable for the three months ended in Feb. 2016 was 37.24.

SCS' s Days Payable Range Over the Past 10 Years
Min: 28.57   Max: 41.39
Current: 36.63

28.57
41.39

During the past 13 years, Steelcase Inc's highest Days Payable was 41.39. The lowest was 28.57. And the median was 36.62.

SCS's Days Payable is ranked lower than
75% of the 1422 Companies
in the Global Business Equipment industry.

( Industry Median: 62.15 vs. SCS: 36.63 )

Steelcase Inc's days payable declined from Feb. 2015 (37.56) to Feb. 2016 (37.24). It may suggest that Steelcase Inc 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.

Steelcase Inc's Days Payable for the fiscal year that ended in Feb. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=209.6/2088.8*365
=36.63

Steelcase Inc's Days Payable for the quarter that ended in Feb. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=209.6/513.6*365 / 4
=37.24

* 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.

Steelcase Inc Annual Data

Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16
DaysPayable 37.7039.2728.5735.8741.3936.0036.2037.9536.6136.63

Steelcase Inc Quarterly Data

Nov13Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16
DaysPayable 39.6536.5240.6440.9237.7437.5641.4337.5939.3837.24
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