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Cintas Corp  (NAS:CTAS) Days Payable: 20.39 (As of May. 2017)

Cintas Corp's payable for the three months ended in May. 2017 was $177 Mil. Cintas Corp's Cost of Goods Sold for the three months ended in May. 2017 was $793 Mil. Hence, Cintas Corp's days payable for the three months ended in May. 2017 was 20.39.

NAS:CTAS' s Days Payable Range Over the Past 10 Years
Min: 11.48   Max: 22.41
Current: 21.96

11.48
22.41

During the past 13 years, Cintas Corp's highest Days Payable was 22.41. The lowest was 11.48. And the median was 15.74.

NAS:CTAS's Days Payable is ranked lower than
78% of the 458 Companies
in the Global industry.

( Industry Median: 39.67 vs. NAS:CTAS: 21.96 )

Cintas Corp's days payable increased from May. 2016 (15.90) to May. 2017 (20.39). It may suggest that Cintas Corp delayed paying its suppliers.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Cintas Corp Annual Data

May08 May09 May10 May11 May12 May13 May14 May15 May16 May17
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.72 22.41 16.15 15.03 21.96

Cintas Corp Quarterly Data

Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.90 16.65 16.08 16.33 20.39

Competitive Comparison
* 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.


Calculation

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.

Cintas Corp's Days Payable for the fiscal year that ended in May. 2017 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=177.051/2943.086*365
=21.96

Cintas Corp's Days Payable for the quarter that ended in May. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=177.051/792.523*365 / 4
=20.39

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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