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GuruFocus has detected 4 Warning Signs with Westlake Chemical Corp $WLK.
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Westlake Chemical Corp (NYSE:WLK)
Days Payable
31.06 (As of Dec. 2016)

Westlake Chemical Corp's payable for the three months ended in Dec. 2016 was $495 Mil. Westlake Chemical Corp's cost of goods sold for the three months ended in Dec. 2016 was $1,454 Mil. Hence, Westlake Chemical Corp's days payable for the three months ended in Dec. 2016 was 31.06.

WLK' s Days Payable Range Over the Past 10 Years
Min: 11.37   Max: 44.1
Current: 44.1

11.37
44.1

During the past 13 years, Westlake Chemical Corp's highest Days Payable was 44.10. The lowest was 11.37. And the median was 29.32.

WLK's Days Payable is ranked lower than
56% of the 740 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 49.46 vs. WLK: 44.10 )

Westlake Chemical Corp's days payable increased from Dec. 2015 (27.87) to Dec. 2016 (31.06). It may suggest that Westlake Chemical Corp 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.

Westlake Chemical Corp'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
=494.743/4094.894*365
=44.10

Westlake Chemical 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
=494.743/1453.702*365 / 4
=31.06

* 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.

Westlake Chemical Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 39.3611.3730.6927.7927.0727.9534.2830.7625.5244.10

Westlake Chemical Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 26.9530.8227.5828.9424.7327.8732.5133.0442.5731.06
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