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GuruFocus has detected 2 Warning Signs with Manitowoc Co Inc $MTW.
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Manitowoc Co Inc (NYSE:MTW)
Days Payable
71.09 (As of Mar. 2017)

Manitowoc Co Inc's payable for the three months ended in Mar. 2017 was $198 Mil. Manitowoc Co Inc's cost of goods sold for the three months ended in Mar. 2017 was $254 Mil. Hence, Manitowoc Co Inc's days payable for the three months ended in Mar. 2017 was 71.09.

MTW' s Days Payable Range Over the Past 10 Years
Min: 42.33   Max: 90.85
Current: 56.93

42.33
90.85

During the past 13 years, Manitowoc Co Inc's highest Days Payable was 90.85. The lowest was 42.33. And the median was 62.39.

MTW's Days Payable is ranked lower than
61% of the 107 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 73.57 vs. MTW: 56.93 )

Manitowoc Co Inc's days payable increased from Mar. 2016 (69.00) to Mar. 2017 (71.09). It may suggest that Manitowoc Co Inc delayed 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.

Manitowoc Co Inc'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
=157.7/1359.8*365
=42.33

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=197.8/253.9*365 / 4
=71.09

* 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.

Manitowoc Co Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 67.5267.9544.5761.200.0062.3961.5890.8563.9142.33

Manitowoc Co Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 0.00107.97103.7494.0754.3169.0056.4854.5542.7671.09
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