McCormick (BSP:M1KC34) Days Payable

: 101.78 (As of Feb. 2024)

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McCormick's average Accounts Payable for the three months ended in Feb. 2024 was R$5,552 Mil. McCormick's Cost of Goods Sold for the three months ended in Feb. 2024 was R$4,978 Mil. Hence, McCormick's Days Payable for the three months ended in Feb. 2024 was 101.78.

The historical rank and industry rank for McCormick's Days Payable or its related term are showing as below:

BSP:M1KC34' s Days Payable Range Over the Past 10 Years
Min: 55.15 Med: 82.75 Max: 103.9
Current: 97.85

During the past 13 years, McCormick's highest Days Payable was 103.90. The lowest was 55.15. And the median was 82.75.

BSP:M1KC34's Days Payable is ranked better than
81.7% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.81 vs BSP:M1KC34: 97.85

McCormick's Days Payable declined from Feb. 2023 (105.35) to Feb. 2024 (101.78). It may suggest that McCormick accelerated paying its suppliers.

McCormick Days Payable Historical Data

The historical data trend for McCormick's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

McCormick Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

85.13

92.79

99.02

102.78

104.36

McCormick Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable																105.35	99.20	95.29	96.32	101.78

Competitive Comparison

For the Packaged Foods subindustry, McCormick's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

McCormick Days Payable Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, McCormick's Days Payable distribution charts can be found below:

* The bar in red indicates where McCormick's Days Payable falls into.

McCormick Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

McCormick's Days Payable for the fiscal year that ended in Nov. 2023 is calculated as

	Days Payable (A: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2022 )	+	Accounts Payable (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (6168.828	+	5482.331)	/	2 )	/	20374.211	*	365
=	5825.5795					/	20374.211	*	365
=	104.36

McCormick's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (5482.331	+	5622.188)	/	2 )	/	4977.767	*	365 / 4
=	5552.2595					/	4977.767	*	365 / 4
=	101.78

McCormick Days Payable Related Terms

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McCormick (BSP:M1KC34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » McCormick & Co Inc (BSP:M1KC34) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MKC.V:USA MKC:USA MCX:Germany MKC:Austria

Address

24 Schilling Road, Suite 1, Hunt Valley, MD, USA, 21031

Website

https://www.mccormickcorporation.com

In its more-than 130-year history, McCormick has grown to become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. Beyond end consumers, McCormick's customer base also includes top quick-service restaurants, retail grocery chains, and other packaged food and beverage manufacturers. And its reach is global, with nearly 40% of sales generated beyond its home turf to include 150 other countries and territories. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and the Cholula brand.

McCormick (BSP:M1KC34) Headlines

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