McCormick (NYSE:MKC) Days Payable

: 97.23 (As of May. 2023)

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McCormick's average Accounts Payable for the three months ended in May. 2023 was $1,112 Mil. McCormick's Cost of Goods Sold for the three months ended in May. 2023 was $1,044 Mil. Hence, McCormick's Days Payable for the three months ended in May. 2023 was 97.23.

The historical rank and industry rank for McCormick's Days Payable or its related term are showing as below:

MKC' s Days Payable Range Over the Past 10 Years
Min: 55.15 Med: 72.28 Max: 103.9
Current: 99.74

During the past 13 years, McCormick's highest Days Payable was 103.90. The lowest was 55.15. And the median was 72.28.

MKC's Days Payable is ranked better than
82.41% of 1774 companies
in the Consumer Packaged Goods industry
Industry Median: 46.45 vs MKC: 99.74

McCormick's Days Payable declined from May. 2022 (98.96) to May. 2023 (97.23). It may suggest that McCormick accelerated paying its suppliers.

McCormick Days Payable Historical Data

The historical data trend for McCormick's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

McCormick Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Days Payable

76.76

88.73

103.90

100.07

100.08

McCormick Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Days Payable																98.96	100.66	98.57	104.45	97.23

Competitive Comparison

For the Packaged Foods subindustry, McCormick's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* 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. Note that "N/A" values will not show up in the chart.

Annual Data Quarterly Data

McCormick Days Payable Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, McCormick's Days Payable distribution charts can be found below:

* The bar in red indicates where McCormick's Days Payable falls in comparison to its industry or sector. The grey bar indicates the Days Payable's extreme value range as defined by GuruFocus.

McCormick Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

McCormick's Days Payable for the fiscal year that ended in Nov. 2022 is calculated as

	Days Payable (A: Nov. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2021 )	+	Accounts Payable (A: Nov. 2022 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2022 )	*	Days in Period
=	( (1064.2	+	1171)	/	2 )	/	4076	*	365
=	1117.6					/	4076	*	365
=	100.08

McCormick's Days Payable for the quarter that ended in May. 2023 is calculated as:

	Days Payable (Q: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Feb. 2023 )	+	Accounts Payable (Q: May. 2023 ))	/	count )	/	Cost of Goods Sold (Q: May. 2023 )	*	Days in Period
=	( (1124.3	+	1100)	/	2 )	/	1043.7	*	365 / 4
=	1112.15					/	1043.7	*	365 / 4
=	97.23

McCormick Days Payable Related Terms

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McCormick (NYSE:MKC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » McCormick & Co Inc (NYSE:MKC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MKC.V:USA MCX0:Germany MCX:Germany MCX:Germany M1KC34:Brazil

Address

24 Schilling Road, Suite 1, Hunt Valley, MD, USA, 21031

Website

https://www.mccormickcorporation.com

In its more-than 130-year history, McCormick has grown to become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. Beyond end consumers, McCormick's customer base also includes top quick-service restaurants, retail grocery chains, and other packaged food and beverage manufacturers. And its reach is global, with nearly 40% of sales generated beyond its home turf to include 150 other countries and territories. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and the Cholula brand.

Executives

Andrew Foust	officer: President, Americas	24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031
Ana Sanchez	officer: President EMEA	24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031
Katherine Jenkins	officer: C.S.O. & SVP Investor Relation	24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031
Sarah Piper	officer: Chief Human Relations Officer	24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031
Gregory Repas	officer: V.P.& Asst. CFO	24 SCHILLING CIRCLE, SUITE 1, HUNT VALLEY MD 21031
Anne L Bramman	director	207 GOODE AVENUE, GLENDALE CA 91203
W Anthony Vernon	director	C/O AXOVANT SCIENCES, INC., 320 WEST 37TH STREET, NEW YORK NY 10018
Michael Aaron Conway	director	18 LOVETON CIRCLE, SPARKS MD 21152
Maritza Gomez Montiel	director	C/O APTARGROUP, INC., 265 EXCHANGE DRIVE, SUITE 100, CRYSTAL LAKE IL 60014
Gary M Rodkin	director	700 ANDERSON HILL RD, PURCHASE NJ 10577
Jeffery D Schwartz	officer: Vice President, Gen Counsel	18 LOVETON CIRCLE, SPARKS MD 21152
Michael D Mangan	director	2041 ISLA VISTA LANE, NAPLES FL 34105
Patricia A Little	director	999 W BIG BEAVER ROAD, TROY MI 48084
Michael R Smith	officer: Executive VP & CFO	18 LOVETON CIRCLE, SPARKS MD 21152
Nneka Louise Rimmer	officer: Sr. VP Corp Strategy & Develop	18 LOVETON CIRCLE, SPARKS MD 21152