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Days Payable
34.10 (As of Mar. 2015)

Advent Software Inc's payable for the three months ended in Mar. 2015 was \$11.4 Mil. Advent Software Inc's cost of goods sold for the three months ended in Mar. 2015 was \$30.5 Mil. Hence, Advent Software Inc's days payable for the three months ended in Mar. 2015 was 34.10.

Advent Software Inc's days payable increased from Mar. 2014 (11.81) to Mar. 2015 (34.10). It may suggest that Advent Software Inc delayed 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.

Advent Software Inc's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

 Days Payable = Payable / Cost of Goods Sold * Days in Period = 12.041 / 117.521 * 365 = 37.40

Advent Software Inc's Days Payable for the quarter that ended in Mar. 2015 is calculated as:

 Days Payable = Payable / Cost of Goods Sold * Days in Period = 11.397 / 30.502 * 365 / 4 = 34.10

* 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.