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Adept Technology Inc (NAS:ADEP)
Days Payable
40.24 (As of Mar. 2014)

Adept Technology Inc's payable for the three months ended in Mar. 2014 was $6.69 Mil. Adept Technology Inc's revenue for the three months ended in Mar. 2014 was $15.12 Mil. Hence, Adept Technology Inc's days payable for the three months ended in Mar. 2014 was 40.24.

Adept Technology Inc's days payable declined from Mar. 2013 (49.55) to Mar. 2014 (40.24). 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. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=7.069/46.816*365
=55.11

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

Days Payable=Payable/Revenue*Days in Period
=6.686/15.121*91
=40.24

* 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

Jun04Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13
DaysPayable 42.3050.0144.0338.8035.8618.7965.2151.8334.5255.11

Adept Technology Inc Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
DaysPayable 41.1937.9933.5844.7639.8449.5546.9744.2634.9440.24
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