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GuruFocus has detected 3 Warning Signs with United Rentals Inc $URI.
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United Rentals Inc (NYSE:URI)
Days Payable
41.40 (As of Mar. 2017)

United Rentals Inc's payable for the three months ended in Mar. 2017 was $382 Mil. United Rentals Inc's cost of goods sold for the three months ended in Mar. 2017 was $842 Mil. Hence, United Rentals Inc's days payable for the three months ended in Mar. 2017 was 41.40.

URI' s Days Payable Range Over the Past 10 Years
Min: 26.41   Max: 43.89
Current: 41.12

26.41
43.89

During the past 13 years, United Rentals Inc's highest Days Payable was 43.89. The lowest was 26.41. And the median was 30.08.

URI's Days Payable is ranked lower than
73% of the 172 Companies
in the Global Rental & Leasing Services industry.

( Industry Median: 50.39 vs. URI: 41.12 )

United Rentals Inc's days payable increased from Mar. 2016 (37.18) to Mar. 2017 (41.40). It may suggest that United Rentals Inc 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.

United Rentals Inc's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=243/3359*365
=26.41

United Rentals Inc's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=382/842*365 / 4
=41.40

* 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.

United Rentals Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 29.5926.6726.7330.5143.8941.2635.9131.9829.6426.41

United Rentals Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 30.3553.6476.8550.4028.2637.1866.8743.8025.6041.40
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