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GuruFocus has detected 3 Warning Signs with Molson Coors Brewing Co $TAP.
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Molson Coors Brewing Co (NYSE:TAP)
Days Payable
146.26 (As of Mar. 2017)

Molson Coors Brewing Co's payable for the three months ended in Mar. 2017 was $2,201 Mil. Molson Coors Brewing Co's cost of goods sold for the three months ended in Mar. 2017 was $1,373 Mil. Hence, Molson Coors Brewing Co's days payable for the three months ended in Mar. 2017 was 146.26.

TAP' s Days Payable Range Over the Past 10 Years
Min: 19.63   Max: 202.72
Current: 202.72

19.63
202.72

During the past 13 years, Molson Coors Brewing Co's highest Days Payable was 202.72. The lowest was 19.63. And the median was 43.38.

TAP's Days Payable is ranked higher than
90% of the 156 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 75.79 vs. TAP: 202.72 )

Molson Coors Brewing Co's days payable declined from Mar. 2016 (254.33) to Mar. 2017 (146.26). It may suggest that Molson Coors Brewing Co 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.

Molson Coors Brewing Co'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
=0/3003.1*365
=0.00

Molson Coors Brewing Co's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2200.5/1372.9*365 / 4
=146.26

* 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.

Molson Coors Brewing Co Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 34.6619.6340.8845.8847.8376.070.000.000.000.00

Molson Coors Brewing Co Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 0.000.000.000.000.00254.33213.53214.750.00146.26
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