Novartis AG

Published by Stock Analysis on Net

Last updated: 2018-02-11 07:56:36

Payables Turnover

2016 2015 2014 2013

Selected Financial Data

USD in millions

Cost of sales 17,520 17,404 17,345 16,579
Accounts payable 4,873 5,668 5,419 6,148

Ratio

Payables turnover 3.60 3.07 3.20 2.70

2016 calculation:

Payables turnover = Cost of sales ÷ Accounts payable
= 17,520 ÷ 4,873 = 3.60