GlaxoSmithKline PLC

Published by Stock Analysis on Net

Last updated: 2018-02-11 06:27:30

Payables Turnover

2016 2015 2014 2013

Selected Financial Data

GBP in millions

Cost of sales 9,290 8,853 7,323 8,585
Accounts payable 11,964 8,885 7,958 8,317

Ratio

Payables turnover 0.78 1.00 0.92 1.03

2016 calculation:

Payables turnover = Cost of sales ÷ Accounts payable
= 9,290 ÷ 11,964 = 0.78