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GuruFocus has detected 5 Warning Signs with Lamar Advertising Co $LAMR.
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Lamar Advertising Co (NAS:LAMR)
Days Payable
12.58 (As of Mar. 2017)

Lamar Advertising Co's payable for the three months ended in Mar. 2017 was $18 Mil. Lamar Advertising Co's cost of goods sold for the three months ended in Mar. 2017 was $132 Mil. Hence, Lamar Advertising Co's days payable for the three months ended in Mar. 2017 was 12.58.

LAMR' s Days Payable Range Over the Past 10 Years
Min: 9.8   Max: 17.49
Current: 12.55

9.8
17.49

During the past 13 years, Lamar Advertising Co's highest Days Payable was 17.49. The lowest was 9.80. And the median was 12.18.

LAMR's Days Payable is ranked lower than
84% of the 283 Companies
in the Global REIT - Diversified industry.

( Industry Median: 81.09 vs. LAMR: 12.55 )

Lamar Advertising Co's days payable declined from Mar. 2016 (13.41) to Mar. 2017 (12.58). It may suggest that Lamar Advertising Co 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.

Lamar Advertising Co'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
=17.653/525.597*365
=12.26

Lamar Advertising Co's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=18.179/131.844*365 / 4
=12.58

* 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.

Lamar Advertising Co Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 17.4912.609.8012.1011.3011.8111.1513.1813.4512.26

Lamar Advertising Co Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 12.9814.5515.0912.4812.9613.4112.6812.2112.1712.58
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