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GuruFocus has detected 5 Warning Signs with STMicroelectronics NV $STM.
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STMicroelectronics NV (NYSE:STM)
Days Payable
60.81 (As of Mar. 2017)

STMicroelectronics NV's payable for the three months ended in Mar. 2017 was $757 Mil. STMicroelectronics NV's cost of goods sold for the three months ended in Mar. 2017 was $1,136 Mil. Hence, STMicroelectronics NV's days payable for the three months ended in Mar. 2017 was 60.81.

STM' s Days Payable Range Over the Past 10 Years
Min: 38.86   Max: 71.09
Current: 60.23

38.86
71.09

During the past 13 years, STMicroelectronics NV's highest Days Payable was 71.09. The lowest was 38.86. And the median was 49.65.

STM's Days Payable is ranked higher than
50% of the 743 Companies
in the Global Semiconductors industry.

( Industry Median: 51.49 vs. STM: 60.23 )

STMicroelectronics NV's days payable increased from Mar. 2016 (56.53) to Mar. 2017 (60.81). It may suggest that STMicroelectronics NV 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.

STMicroelectronics NV'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
=620/4518*365
=50.09

STMicroelectronics NV's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=757/1136*365 / 4
=60.81

* 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.

STMicroelectronics NV Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 60.1349.2154.7771.0938.8650.9546.3344.4241.9850.09

STMicroelectronics NV Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 45.0256.5661.4955.5743.1656.5344.2253.3048.6560.81
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