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Array BioPharma Inc (NAS:ARRY)
Days Payable
59.77 (As of Jun. 2015)

Array BioPharma Inc's payable for the three months ended in Jun. 2015 was $4.57 Mil. Array BioPharma Inc's cost of goods sold for the three months ended in Jun. 2015 was $6.98 Mil. Hence, Array BioPharma Inc's days payable for the three months ended in Jun. 2015 was 59.77.

Array BioPharma Inc's days payable increased from Jun. 2014 (55.46) to Jun. 2015 (59.77). It may suggest that Array BioPharma 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.

Array BioPharma 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
=4.57/44.392*365
=37.58

Array BioPharma 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
=4.57/6.977*365 / 4
=59.77

* 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.

Array BioPharma Inc Annual Data

Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15
DaysPayable 57.2493.6579.63124.0172.6156.3097.2865.4855.2137.58

Array BioPharma Inc Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
DaysPayable 79.4270.2826.3027.5559.5655.4639.0964.5457.2559.77
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