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GuruFocus has detected 6 Warning Signs with Flex Ltd $FLEX.
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Flex Ltd (NAS:FLEX)
Days Payable
74.71 (As of Mar. 2017)

Flex Ltd's payable for the three months ended in Mar. 2017 was $4,485 Mil. Flex Ltd's cost of goods sold for the three months ended in Mar. 2017 was $5,478 Mil. Hence, Flex Ltd's days payable for the three months ended in Mar. 2017 was 74.71.

FLEX' s Days Payable Range Over the Past 10 Years
Min: 49.82   Max: 74.64
Current: 73.27

49.82
74.64

During the past 13 years, Flex Ltd's highest Days Payable was 74.64. The lowest was 49.82. And the median was 68.52.

FLEX's Days Payable is ranked higher than
66% of the 1756 Companies
in the Global Contract Manufacturers industry.

( Industry Median: 60.05 vs. FLEX: 73.27 )

Flex Ltd's days payable increased from Mar. 2016 (72.24) to Mar. 2017 (74.71). It may suggest that Flex Ltd 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.

Flex Ltd's Days Payable for the fiscal year that ended in Mar. 2017 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=4484.908/22341.989*365
=73.27

Flex Ltd's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=4484.908/5477.793*365 / 4
=74.71

* 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.

Flex Ltd Annual Data

Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16Mar17
DaysPayable 74.6449.8270.9269.0656.3460.3770.2567.6767.9873.27

Flex Ltd Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 66.9074.6975.9073.8069.4472.2472.0172.3475.2674.71
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