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GuruFocus has detected 7 Warning Signs with Symantec Corp $SYMC.
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Symantec Corp (NAS:SYMC)
Days Payable
55.53 (As of Dec. 2016)

Symantec Corp's payable for the three months ended in Dec. 2016 was $143 Mil. Symantec Corp's cost of goods sold for the three months ended in Dec. 2016 was $235 Mil. Hence, Symantec Corp's days payable for the three months ended in Dec. 2016 was 55.53.

SYMC' s Days Payable Range Over the Past 10 Years
Min: 44.77   Max: 130.13
Current: 70.44

44.77
130.13

During the past 13 years, Symantec Corp's highest Days Payable was 130.13. The lowest was 44.77. And the median was 87.83.

SYMC's Days Payable is ranked higher than
67% of the 1330 Companies
in the Global Software - Application industry.

( Industry Median: 43.37 vs. SYMC: 70.44 )

Symantec Corp's days payable declined from Dec. 2015 (146.61) to Dec. 2016 (55.53). It may suggest that Symantec Corp 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.

Symantec Corp's Days Payable for the fiscal year that ended in Mar. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=175/615*365
=103.86

Symantec Corp's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=143/235*365 / 4
=55.53

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Symantec Corp Annual Data

Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16
DaysPayable 44.7750.7456.5270.6990.81109.30103.75130.1384.85103.86

Symantec Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 71.88109.2987.62106.27185.92146.61108.6370.4360.4055.53
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