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GuruFocus has detected 2 Warning Signs with Valeant Pharmaceuticals International Inc $VRX.
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Valeant Pharmaceuticals International Inc (NYSE:VRX)
Days Payable
49.74 (As of Sep. 2016)

Valeant Pharmaceuticals International Inc's payable for the three months ended in Sep. 2016 was $359 Mil. Valeant Pharmaceuticals International Inc's cost of goods sold for the three months ended in Sep. 2016 was $658 Mil. Hence, Valeant Pharmaceuticals International Inc's days payable for the three months ended in Sep. 2016 was 49.74.

VRX' s Days Payable Range Over the Past 10 Years
Min: 48.43   Max: 120.5
Current: 48.43

48.43
120.5

During the past 13 years, Valeant Pharmaceuticals International Inc's highest Days Payable was 120.50. The lowest was 48.43. And the median was 80.02.

VRX's Days Payable is ranked lower than
69% of the 569 Companies
in the Global Drug Manufacturers - Specialty & Generic industry.

( Industry Median: 71.88 vs. VRX: 48.43 )

Valeant Pharmaceuticals International Inc's days payable declined from Sep. 2015 (67.12) to Sep. 2016 (49.74). It may suggest that Valeant Pharmaceuticals International 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.

Valeant Pharmaceuticals International Inc's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=433.7/2584.7*365
=61.25

Valeant Pharmaceuticals International Inc's Days Payable for the quarter that ended in Sep. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=358.7/658*365 / 4
=49.74

* 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.

Valeant Pharmaceuticals International Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 77.7782.2776.03120.5091.1582.6585.5962.6564.9761.25

Valeant Pharmaceuticals International Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysPayable 51.0652.6163.5761.6055.3867.1254.2763.4759.0849.74
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