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GuruFocus has detected 3 Warning Signs with Steelcase Inc $SCS.
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Steelcase Inc (NYSE:SCS)
Days Payable
41.87 (As of May. 2017)

Steelcase Inc's payable for the three months ended in May. 2017 was $226 Mil. Steelcase Inc's cost of goods sold for the three months ended in May. 2017 was $492 Mil. Hence, Steelcase Inc's days payable for the three months ended in May. 2017 was 41.87.

SCS' s Days Payable Range Over the Past 10 Years
Min: 28.57   Max: 41.39
Current: 39.14

28.57
41.39

During the past 13 years, Steelcase Inc's highest Days Payable was 41.39. The lowest was 28.57. And the median was 36.62.

SCS's Days Payable is ranked lower than
74% of the 1382 Companies
in the Global Business Equipment industry.

( Industry Median: 66.50 vs. SCS: 39.14 )

Steelcase Inc's days payable increased from May. 2016 (38.27) to May. 2017 (41.87). It may suggest that Steelcase 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.

Steelcase Inc's Days Payable for the fiscal year that ended in Feb. 2017 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=216.8/2022*365
=39.14

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=225.9/492.3*365 / 4
=41.87

* 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.

Steelcase Inc Annual Data

Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16Feb17
DaysPayable 38.8028.5735.3941.3936.0036.2037.9536.6136.6339.14

Steelcase Inc Quarterly Data

Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17May17
DaysPayable 37.5641.4337.5939.3837.2438.2740.7138.6738.5341.87
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