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GuruFocus has detected 3 Warning Signs with TechnipFMC PLC $FTI.
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TechnipFMC PLC (NYSE:FTI)
Days Payable
126.37 (As of Mar. 2017)

TechnipFMC PLC's payable for the three months ended in Mar. 2017 was $4,135 Mil. TechnipFMC PLC's cost of goods sold for the three months ended in Mar. 2017 was $2,986 Mil. Hence, TechnipFMC PLC's days payable for the three months ended in Mar. 2017 was 126.37.

FTI' s Days Payable Range Over the Past 10 Years
Min: 94.02   Max: 149.26
Current: 149.26

94.02
149.26

During the past 13 years, TechnipFMC PLC's highest Days Payable was 149.26. The lowest was 94.02. And the median was 101.60.

FTI's Days Payable is ranked lower than
99.99% of the 150 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 48.46 vs. FTI: 149.26 )

TechnipFMC PLC's days payable declined from Dec. 2015 (262.88) to Mar. 2017 (126.37). It may suggest that TechnipFMC PLC 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.

TechnipFMC PLC's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2701.96078431/9686.49237473*365
=101.81

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=4134.99037433/2985.72085561*365 / 4
=126.37

* 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.

TechnipFMC PLC Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 97.5994.0298.07101.39138.79148.23113.69122.4298.09101.81

TechnipFMC PLC Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Mar17
DaysPayable 175.28116.01194.39176.92186.00262.88279.19214.00203.62126.37
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