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GuruFocus has detected 4 Warning Signs with Netflix Inc $NFLX.
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Netflix Inc (NAS:NFLX)
Days Payable
13.11 (As of Jun. 2017)

Netflix Inc's payable for the three months ended in Jun. 2017 was $273 Mil. Netflix Inc's cost of goods sold for the three months ended in Jun. 2017 was $1,902 Mil. Hence, Netflix Inc's days payable for the three months ended in Jun. 2017 was 13.11.

NFLX' s Days Payable Range Over the Past 10 Years
Min: 11.9   Max: 59.92
Current: 14.79

11.9
59.92

During the past 13 years, Netflix Inc's highest Days Payable was 59.92. The lowest was 11.90. And the median was 19.88.

NFLX's Days Payable is ranked lower than
81% of the 276 Companies
in the Global Media - Diversified industry.

( Industry Median: 57.50 vs. NFLX: 14.79 )

Netflix Inc's days payable declined from Jun. 2016 (14.89) to Jun. 2017 (13.11). It may suggest that Netflix Inc accelerated 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.

Netflix 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
=312.842/6029.901*365
=18.94

Netflix Inc's Days Payable for the quarter that ended in Jun. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=273.398/1902.308*365 / 4
=13.11

* 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.

Netflix Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 48.4940.2431.3059.9215.5711.9012.7019.6120.1518.94

Netflix Inc Quarterly Data

Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17Jun17
DaysPayable 16.6217.2216.2718.5115.4514.8917.0117.2516.2413.11
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