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The Middleby Days Payable

: 33.74 (As of Sep. 2020)
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The Middleby's Accounts Payable for the three months ended in Sep. 2020 was $152 Mil. The Middleby's Cost of Goods Sold for the three months ended in Sep. 2020 was $412 Mil. Hence, The Middleby's Days Payable for the three months ended in Sep. 2020 was 33.74.

NAS:MIDD' s Days Payable Range Over the Past 10 Years
Min: 34.16   Med: 40.01   Max: 51.41
Current: 33.56

34.16
51.41

During the past 13 years, The Middleby's highest Days Payable was 51.41. The lowest was 34.16. And the median was 40.01.

NAS:MIDD's Days Payable is ranked lower than
82% of the 2389 Companies
in the Industrial Products industry.

( Industry Median: 74.44 vs. NAS:MIDD: 33.56 )

The Middleby's Days Payable declined from Sep. 2019 (36.41) to Sep. 2020 (33.74). It may suggest that The Middleby accelerated paying its suppliers.


The Middleby Days Payable 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.

The Middleby Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 51.41 39.24 37.54 39.99 34.16

The Middleby Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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 36.41 31.83 40.95 35.77 33.74

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.


The Middleby Days Payable Distribution

* The bar in red indicates where The Middleby's Days Payable falls into.



The Middleby 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.

The Middleby's Days Payable for the fiscal year that ended in Dec. 2019 is calculated as

Days Payable=Accounts Payable/Cost of Goods Sold*Days in Period
=173.693/1855.949*365
=34.16

The Middleby's Days Payable for the quarter that ended in Sep. 2020 is calculated as:

Days Payable=Accounts Payable/Cost of Goods Sold*Days in Period
=152.262/411.776*365 / 4
=33.74

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


The Middleby Days Payable Related Terms


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