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Ark Restaurants Corp (NAS:ARKR)
Days Payable
7.59 (As of Mar. 2016)

Ark Restaurants Corp's payable for the three months ended in Mar. 2016 was $2.6 Mil. Ark Restaurants Corp's cost of goods sold for the three months ended in Mar. 2016 was $31.0 Mil. Hence, Ark Restaurants Corp's days payable for the three months ended in Mar. 2016 was 7.59.

ARKR' s Days Payable Range Over the Past 10 Years
Min: 7.61   Max: 31.53
Current: 7.42

7.61
31.53

During the past 13 years, Ark Restaurants Corp's highest Days Payable was 31.53. The lowest was 7.61. And the median was 9.48.

ARKR's Days Payable is ranked lower than
97% of the 236 Companies
in the Global Restaurants industry.

( Industry Median: 41.47 vs. ARKR: 7.42 )

Ark Restaurants Corp's days payable declined from Mar. 2015 (7.68) to Mar. 2016 (7.59). It may suggest that Ark Restaurants Corp 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.

Ark Restaurants Corp's Days Payable for the fiscal year that ended in Sep. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=3.207/121.622*365
=9.62

Ark Restaurants Corp's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2.581/31.047*365 / 4
=7.59

* 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.

Ark Restaurants Corp Annual Data

Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15
DaysPayable 27.2518.6431.539.348.727.618.7214.938.119.62

Ark Restaurants Corp Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 6.3310.077.897.808.667.687.548.839.037.59
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