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Adept Technology, Inc. (NAS:ADEP)
Days Payable
34.94 (As of Dec. 2013)

Adept Technology, Inc.'s payable for the three months ended in Dec. 2013 was $5.60 Mil. Adept Technology, Inc.'s revenue for the three months ended in Dec. 2013 was $14.59 Mil. Hence, Adept Technology, Inc.'s days payable for the three months ended in Dec. 2013 was 34.94.

Adept Technology, Inc.'s days payable declined from Dec. 2012 (39.84) to Dec. 2013 (34.94). 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 Dec. 2013 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=5.601/14.588*91
=34.94

* 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

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
DaysPayable 44.5141.1937.9933.5844.7639.8449.5546.9744.2634.94
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