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McCormick & Co Inc  (NYSE:MKC) Days Payable: 67.30 (As of Aug. 2017)

McCormick & Co Inc's payable for the three months ended in Aug. 2017 was $517 Mil. McCormick & Co Inc's Cost of Goods Sold for the three months ended in Aug. 2017 was $701 Mil. Hence, McCormick & Co Inc's days payable for the three months ended in Aug. 2017 was 67.30.

NYSE:MKC' s Days Payable Range Over the Past 10 Years
Min: 51.43   Max: 70.18
Current: 70.18

51.43
70.18

During the past 13 years, McCormick & Co Inc's highest Days Payable was 70.18. The lowest was 51.43. And the median was 57.55.

NYSE:MKC's Days Payable is ranked higher than
70% of the 1086 Companies
in the Global industry.

( Industry Median: 43.95 vs. NYSE:MKC: 70.18 )

McCormick & Co Inc's days payable increased from Aug. 2016 (51.70) to Aug. 2017 (67.30). It may suggest that McCormick & Co Inc delayed paying its suppliers.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

McCormick & Co Inc Annual Data

Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 57.24 57.52 54.05 58.75 63.78

McCormick & Co Inc Quarterly Data

Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 51.70 59.88 64.87 61.74 67.30

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Calculation

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.

McCormick & Co Inc's Days Payable for the fiscal year that ended in Nov. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=450.8/2579.8*365
=63.78

McCormick & Co Inc's Days Payable for the quarter that ended in Aug. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=516.9/700.8*365 / 4
=67.30

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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