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AK Steel Holding Corp (NYSE:AKS)
Days Payable
40.61 (As of Mar. 2014)

AK Steel Holding Corp's payable for the three months ended in Mar. 2014 was $617 Mil. AK Steel Holding Corp's revenue for the three months ended in Mar. 2014 was $1,384 Mil. Hence, AK Steel Holding Corp's days payable for the three months ended in Mar. 2014 was 40.61.

AK Steel Holding Corp's days payable increased from Mar. 2013 (39.35) to Mar. 2014 (40.61). It may suggest that AK Steel Holding Corp 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.

AK Steel Holding Corp's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=601.8/5570.4*365
=39.43

AK Steel Holding Corp's Days Payable for the quarter that ended in Mar. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=617.4/1383.5*91
=40.61

* 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.

AK Steel Holding Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 27.1029.0834.1130.6616.6239.3033.8332.9333.1139.43

AK Steel Holding Corp Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
DaysPayable 41.3237.3737.5134.4239.3538.5738.5437.3940.6138.19
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