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GuruFocus has detected 3 Warning Signs with JC Penney Co Inc $JCP.
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JC Penney Co Inc (NYSE:JCP)
Days Payable
47.29 (As of Apr. 2017)

JC Penney Co Inc's payable for the three months ended in Apr. 2017 was $893 Mil. JC Penney Co Inc's cost of goods sold for the three months ended in Apr. 2017 was $1,723 Mil. Hence, JC Penney Co Inc's days payable for the three months ended in Apr. 2017 was 47.29.

JCP' s Days Payable Range Over the Past 10 Years
Min: 33.78   Max: 47.55
Current: 40.74

33.78
47.55

During the past 13 years, JC Penney Co Inc's highest Days Payable was 47.55. The lowest was 33.78. And the median was 42.81.

JCP's Days Payable is ranked lower than
61% of the 657 Companies
in the Global Department Stores industry.

( Industry Median: 53.24 vs. JCP: 40.74 )

JC Penney Co Inc's days payable declined from Apr. 2016 (50.64) to Apr. 2017 (47.29). It may suggest that JC Penney Co 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.

JC Penney Co Inc's Days Payable for the fiscal year that ended in Jan. 2017 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=977/8071*365
=44.18

JC Penney Co Inc's Days Payable for the quarter that ended in Apr. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=893/1723*365 / 4
=47.29

* 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.

JC Penney Co Inc Annual Data

Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16Jan17
DaysPayable 44.0843.5942.0338.2933.7847.5541.3645.5141.8244.18

JC Penney Co Inc Quarterly Data

Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17Apr17
DaysPayable 35.2853.4156.5673.0532.0650.6454.4375.9033.6547.29
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