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Otis Worldwide Days Payable

: 55.49 (As of Sep. 2020)
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Otis Worldwide's Accounts Payable for the three months ended in Sep. 2020 was $1,392 Mil. Otis Worldwide's Cost of Goods Sold for the three months ended in Sep. 2020 was $2,289 Mil. Hence, Otis Worldwide's Days Payable for the three months ended in Sep. 2020 was 55.49.

NYSE:OTIS' s Days Payable Range Over the Past 10 Years
Min: 52.28   Med: 52.97   Max: 57.2
Current: 57.2

52.28
57.2

During the past 3 years, Otis Worldwide's highest Days Payable was 57.20. The lowest was 52.28. And the median was 52.97.

NYSE:OTIS's Days Payable is ranked lower than
62% of the 2389 Companies
in the Industrial Products industry.

( Industry Median: 74.62 vs. NYSE:OTIS: 57.20 )

Otis Worldwide's Days Payable increased from Sep. 2019 (0.00) to Sep. 2020 (55.49). It may suggest that Otis Worldwide delayed paying its suppliers.


Otis Worldwide 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.

Otis Worldwide Annual Data
Dec17 Dec18 Dec19
Days Payable 0.00 53.66 52.28

Otis Worldwide Quarterly Data
Dec17 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 50.88 48.60 57.58 55.49

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.


Otis Worldwide Days Payable Distribution

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



Otis Worldwide 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.

Otis Worldwide'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
=1331/9292*365
=52.28

Otis Worldwide'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
=1392/2289*365 / 4
=55.49

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


Otis Worldwide Days Payable Related Terms


Otis Worldwide Days Payable Headlines

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