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Adept Technology Inc (NAS:ADEP)
Days Payable
74.66 (As of Sep. 2014)

Adept Technology Inc's payable for the three months ended in Sep. 2014 was $6.51 Mil. Adept Technology Inc's cost of goods sold for the three months ended in Sep. 2014 was $7.96 Mil. Hence, Adept Technology Inc's days payable for the three months ended in Sep. 2014 was 74.66.

Adept Technology Inc's days payable declined from Sep. 2013 (81.74) to Sep. 2014 (74.66). It may suggest that Adept Technology Inc 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.

Adept Technology Inc's Days Payable for the fiscal year that ended in Jun. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=7.709/30.92*365
=91.00

Adept Technology Inc's Days Payable for the quarter that ended in Sep. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=6.512/7.959*365 / 4
=74.66

* 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.

Adept Technology Inc Annual Data

Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14
DaysPayable 92.4083.6168.4171.0231.67114.8291.4159.0593.1691.00

Adept Technology Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
DaysPayable 56.8276.1857.6985.6787.2581.7464.1270.9591.8974.66
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