IHS Markit (IHS Markit) Days Payable : 11.07 (As of Nov. 2021)

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What is IHS Markit Days Payable?

IHS Markit's average Accounts Payable for the three months ended in Nov. 2021 was $54 Mil. IHS Markit's Cost of Goods Sold for the three months ended in Nov. 2021 was $442 Mil. Hence, IHS Markit's Days Payable for the three months ended in Nov. 2021 was 11.07.

The historical rank and industry rank for IHS Markit's Days Payable or its related term are showing as below:

INFO' s Days Payable Range Over the Past 10 Years
Min: 9.44 Med: 17.99 Max: 28.85
Current: 9.44

During the past 13 years, IHS Markit's highest Days Payable was 28.85. The lowest was 9.44. And the median was 17.99.

INFO's Days Payable is not ranked
in the Business Services industry.
Industry Median: 47.115 vs INFO: 9.44

IHS Markit's Days Payable increased from Nov. 2020 (8.09) to Nov. 2021 (11.07). It may suggest that IHS Markit delayed paying its suppliers.

IHS Markit Days Payable Historical Data

The historical data trend for IHS Markit's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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IHS Markit Days Payable Chart

IHS Markit Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Days Payable

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15.20

11.66

11.22

12.38

12.81

IHS Markit Quarterly Data
	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21
Days Payable	Get a 7-Day Free Trial															8.09	8.70	7.03	7.50	11.07

Competitive Comparison of IHS Markit's Days Payable

For the Consulting Services subindustry, IHS Markit's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* 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. Note that "N/A" values will not show up in the chart.

IHS Markit's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, IHS Markit's Days Payable distribution charts can be found below:

* The bar in red indicates where IHS Markit's Days Payable falls into.

IHS Markit 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.

IHS Markit's Days Payable for the fiscal year that ended in Nov. 2021 is calculated as

	Days Payable (A: Nov. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2020 )	+	Accounts Payable (A: Nov. 2021 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2021 )	*	Days in Period
=	( (48.2	+	71.7)	/	2 )	/	1708.3	*	365
=	59.95					/	1708.3	*	365
=	12.81

IHS Markit's Days Payable for the quarter that ended in Nov. 2021 is calculated as:

	Days Payable (Q: Nov. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2021 )	+	Accounts Payable (Q: Nov. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2021 )	*	Days in Period
=	( (35.4	+	71.7)	/	2 )	/	441.6	*	365 / 4
=	53.55					/	441.6	*	365 / 4
=	11.07

IHS Markit Days Payable Related Terms

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IHS Markit (IHS Markit) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » IHS Markit Ltd (NYSE:INFO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Ropemaker Street, 4th Floor, Ropemaker Place, London, GBR, EC2Y 9LY

Website

https://www.ihsmarkit.com

IHS Markit is a leading provider of data and analytics to corporate and sovereign clients across a wide variety of industries. Financial markets accounted for 42% of fiscal 2020 revenue, transportation 27%, resources (energy and chemicals) 20%, and CMS (consolidated markets) 11%. Approximately 60% of fiscal 2020 revenue came from the United States. IHS Markit has approximately 16,000 employees worldwide. About 74% of fiscal 2020 revenue was recurring and fixed, 14% recurring and variable, and 12% non-recurring. S&P Global has offered to acquire IHS Markit, with holders of the target firm set to receive 0.2838 shares of the combined entity (a little less than one third of the total), in a deal valued at $44 billion upon announcement.