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GuruFocus has detected 3 Warning Signs with NewMarket Corp $NEU.
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NewMarket Corp (NYSE:NEU)
Days Payable
37.60 (As of Mar. 2017)

NewMarket Corp's payable for the three months ended in Mar. 2017 was $154 Mil. NewMarket Corp's cost of goods sold for the three months ended in Mar. 2017 was $373 Mil. Hence, NewMarket Corp's days payable for the three months ended in Mar. 2017 was 37.60.

NEU' s Days Payable Range Over the Past 10 Years
Min: 16.95   Max: 39.83
Current: 39.83

16.95
39.83

During the past 13 years, NewMarket Corp's highest Days Payable was 39.83. The lowest was 16.95. And the median was 30.13.

NEU's Days Payable is ranked lower than
63% of the 814 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 49.46 vs. NEU: 39.83 )

NewMarket Corp's days payable increased from Mar. 2016 (30.83) to Mar. 2017 (37.60). It may suggest that NewMarket Corp 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.

NewMarket Corp'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
=141.869/1368.69*365
=37.83

NewMarket 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
=153.515/372.573*365 / 4
=37.60

* 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.

NewMarket Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 35.4216.9530.1731.1123.7527.5430.0930.0932.1537.83

NewMarket Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 32.1032.8830.8531.4736.0030.8336.0434.4736.7537.60
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