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GuruFocus has detected 7 Warning Signs with Toro Co $TTC.
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Toro Co (NYSE:TTC)
Days Payable
53.81 (As of Oct. 2016)

Toro Co's payable for the three months ended in Oct. 2016 was $175 Mil. Toro Co's cost of goods sold for the three months ended in Oct. 2016 was $296 Mil. Hence, Toro Co's days payable for the three months ended in Oct. 2016 was 53.81.

TTC' s Days Payable Range Over the Past 10 Years
Min: 27.7   Max: 42.01
Current: 42.01

27.7
42.01

During the past 13 years, Toro Co's highest Days Payable was 42.01. The lowest was 27.70. And the median was 34.99.

TTC's Days Payable is ranked lower than
69% of the 1311 Companies
in the Global Tools & Accessories industry.

( Industry Median: 65.83 vs. TTC: 42.01 )

Toro Co's days payable increased from Oct. 2015 (44.43) to Oct. 2016 (53.81). It may suggest that Toro Co delayed 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.

Toro Co's Days Payable for the fiscal year that ended in Oct. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=174.668/1517.58*365
=42.01

Toro Co's Days Payable for the quarter that ended in Oct. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=174.668/296.219*365 / 4
=53.81

* 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.

Toro Co Annual Data

Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14Oct15Oct16
DaysPayable 27.7027.7032.8341.0034.5435.4337.7532.4135.6842.01

Toro Co Quarterly Data

Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16
DaysPayable 42.1941.8458.4742.9939.4344.4363.4544.5840.8753.81
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