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GuruFocus has detected 4 Warning Signs with Citrix Systems Inc $CTXS.
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Citrix Systems Inc (NAS:CTXS)
Days Payable
57.07 (As of Mar. 2017)

Citrix Systems Inc's payable for the three months ended in Mar. 2017 was $64 Mil. Citrix Systems Inc's cost of goods sold for the three months ended in Mar. 2017 was $102 Mil. Hence, Citrix Systems Inc's days payable for the three months ended in Mar. 2017 was 57.07.

CTXS' s Days Payable Range Over the Past 10 Years
Min: 44.73   Max: 147.44
Current: 44.73

44.73
147.44

During the past 13 years, Citrix Systems Inc's highest Days Payable was 147.44. The lowest was 44.73. And the median was 68.19.

CTXS's Days Payable is ranked higher than
51% of the 1368 Companies
in the Global Software - Infrastructure industry.

( Industry Median: 43.70 vs. CTXS: 44.73 )

Citrix Systems Inc's days payable declined from Mar. 2016 (78.16) to Mar. 2017 (57.07). It may suggest that Citrix Systems 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.

Citrix Systems Inc'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
=84.057/559.541*365
=54.83

Citrix Systems Inc's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=64.075/102.458*365 / 4
=57.07

* 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.

Citrix Systems Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 147.4497.27111.76103.4772.1564.2356.9547.0156.6854.83

Citrix Systems Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 41.7455.8156.3489.4142.9378.1645.9356.6555.5257.07
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