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GuruFocus has detected 5 Warning Signs with Varian Medical Systems Inc $VAR.
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Varian Medical Systems Inc (NYSE:VAR)
Days Payable
37.20 (As of Dec. 2016)

Varian Medical Systems Inc's payable for the three months ended in Dec. 2016 was $175 Mil. Varian Medical Systems Inc's cost of goods sold for the three months ended in Dec. 2016 was $429 Mil. Hence, Varian Medical Systems Inc's days payable for the three months ended in Dec. 2016 was 37.20.

VAR' s Days Payable Range Over the Past 10 Years
Min: 32.23   Max: 41.88
Current: 34.72

32.23
41.88

During the past 13 years, Varian Medical Systems Inc's highest Days Payable was 41.88. The lowest was 32.23. And the median was 38.92.

VAR's Days Payable is ranked lower than
73% of the 227 Companies
in the Global Medical Devices industry.

( Industry Median: 57.49 vs. VAR: 34.72 )

Varian Medical Systems Inc's days payable increased from Dec. 2015 (35.49) to Dec. 2016 (37.20). It may suggest that Varian Medical Systems 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.

Varian Medical Systems Inc's Days Payable for the fiscal year that ended in Sep. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=201.1/1856.5*365
=39.54

Varian Medical Systems Inc's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=174.8/428.8*365 / 4
=37.20

* 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.

Varian Medical Systems Inc Annual Data

Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
DaysPayable 33.0632.2333.8032.6438.7240.9641.8839.1240.7739.54

Varian Medical Systems Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 36.2231.7234.2735.1137.0635.4936.0037.1534.9937.20
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