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Aspen Technology Inc (NAS:AZPN)
Days Payable
27.68 (As of Jun. 2016)

Aspen Technology Inc's payable for the three months ended in Jun. 2016 was $3.6 Mil. Aspen Technology Inc's cost of goods sold for the three months ended in Jun. 2016 was $11.7 Mil. Hence, Aspen Technology Inc's days payable for the three months ended in Jun. 2016 was 27.68.

AZPN' s Days Payable Range Over the Past 10 Years
Min: 2.85   Max: 38.58
Current: 26.72

2.85
38.58

During the past 13 years, Aspen Technology Inc's highest Days Payable was 38.58. The lowest was 2.85. And the median was 23.74.

AZPN's Days Payable is ranked lower than
68% of the 1278 Companies
in the Global Software - Application industry.

( Industry Median: 43.35 vs. AZPN: 26.72 )

Aspen Technology Inc's days payable declined from Jun. 2015 (37.89) to Jun. 2016 (27.68). It may suggest that Aspen Technology Inc 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.

Aspen Technology Inc's Days Payable for the fiscal year that ended in Jun. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=3.559/48.611*365
=26.72

Aspen Technology Inc's Days Payable for the quarter that ended in Jun. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=3.559/11.731*365 / 4
=27.68

* 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.

Aspen Technology Inc Annual Data

Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15Jun16
DaysPayable 22.7628.2824.7233.6314.6417.926.132.8538.5826.72

Aspen Technology Inc Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysPayable 6.662.9214.4516.7424.9837.8919.6930.1229.4327.68
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