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Ares Commercial Real Estate Corp (NYSE:ACRE)
Days Payable
51.63 (As of Dec. 2013)

Ares Commercial Real Estate Corp's payable for the three months ended in Dec. 2013 was $9.92 Mil. Ares Commercial Real Estate Corp's revenue for the three months ended in Dec. 2013 was $17.49 Mil. Hence, Ares Commercial Real Estate Corp's days payable for the three months ended in Dec. 2013 was 51.63.

Ares Commercial Real Estate Corp's days payable declined from Dec. 2012 (67.79) to Dec. 2013 (51.63). It may suggest that Ares Commercial Real Estate Corp 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.

Ares Commercial Real Estate Corp's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=9.923/47.36*365
=76.48

Ares Commercial Real Estate Corp's Days Payable for the quarter that ended in Dec. 2013 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=9.923/17.489*91
=51.63

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Ares Commercial Real Estate Corp Annual Data

Dec11Dec12Dec13
DaysPayable 0.000.000.000.000.000.000.000.00143.0476.48

Ares Commercial Real Estate Corp Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
DaysPayable 0.000.0088.2284.3588.6467.7950.9794.3660.8451.63
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