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Adept Technology Inc (NAS:ADEP)
Days Payable
58.70 (As of Jun. 2015)

Adept Technology Inc's payable for the three months ended in Jun. 2015 was $5.45 Mil. Adept Technology Inc's cost of goods sold for the three months ended in Jun. 2015 was $8.47 Mil. Hence, Adept Technology Inc's days payable for the three months ended in Jun. 2015 was 58.70.

ADEP' s Days Payable Range Over the Past 10 Years
Min: 31.67   Max: 114.82
Current: 63.23

31.67
114.82

During the past 13 years, Adept Technology Inc's highest Days Payable was 114.82. The lowest was 31.67. And the median was 77.32.

ADEP's Days Payable is ranked higher than
51% of the 1422 Companies
in the Global Diversified Industrials industry.

( Industry Median: 62.15 vs. ADEP: 63.23 )

Adept Technology Inc's days payable declined from Jun. 2014 (91.89) to Jun. 2015 (58.70). 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. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=5.447/31.441*365
=63.23

Adept Technology Inc's Days Payable for the quarter that ended in Jun. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=5.447/8.468*365 / 4
=58.70

* 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

Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15
DaysPayable 83.6168.4171.0231.67114.8291.4159.0593.1691.0063.23

Adept Technology Inc Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
DaysPayable 85.6787.2581.7464.1270.9591.8974.6658.1254.6258.70
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