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GuruFocus has detected 3 Warning Signs with Matthews International Corp $MATW.
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Matthews International Corp (NAS:MATW)
Days Payable
23.52 (As of Mar. 2017)

Matthews International Corp's payable for the three months ended in Mar. 2017 was $63 Mil. Matthews International Corp's cost of goods sold for the three months ended in Mar. 2017 was $242 Mil. Hence, Matthews International Corp's days payable for the three months ended in Mar. 2017 was 23.52.

MATW' s Days Payable Range Over the Past 10 Years
Min: 17.79   Max: 36.82
Current: 24.5

17.79
36.82

During the past 13 years, Matthews International Corp's highest Days Payable was 36.82. The lowest was 17.79. And the median was 26.42.

MATW's Days Payable is ranked lower than
64% of the 70 Companies
in the Global Personal Services industry.

( Industry Median: 36.97 vs. MATW: 24.50 )

Matthews International Corp's days payable declined from Mar. 2016 (23.86) to Mar. 2017 (23.52). It may suggest that Matthews International Corp 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.

Matthews International Corp's Days Payable for the fiscal year that ended in Sep. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=58.118/924.01*365
=22.96

Matthews International Corp's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=62.502/242.494*365 / 4
=23.52

* 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.

Matthews International Corp Annual Data

Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
DaysPayable 17.7919.6221.4826.5928.6928.6826.2536.8228.0422.96

Matthews International Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 22.1024.6924.4527.7225.1723.8622.3923.0424.2023.52
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