Switch to:
Ark Restaurants Corp (NAS:ARKR)
Days Payable
7.80 (As of Sep. 2014)

Ark Restaurants Corp's payable for the three months ended in Sep. 2014 was $2.6 Mil. Ark Restaurants Corp's cost of goods sold for the three months ended in Sep. 2014 was $30.3 Mil. Hence, Ark Restaurants Corp's days payable for the three months ended in Sep. 2014 was 7.80.

Ark Restaurants Corp's days payable declined from Sep. 2013 (8.95) to Sep. 2014 (7.80). 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. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2.592/116.708*365
=8.11

Ark Restaurants Corp's Days Payable for the quarter that ended in Sep. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2.592/30.321*365 / 4
=7.80

* 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

Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14
DaysPayable 25.3327.2528.9910.009.348.727.828.729.168.11

Ark Restaurants Corp Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
DaysPayable 12.464.0512.667.647.428.9510.3610.077.897.80
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK