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Brown-Forman Corp (NYSE:BF.B)
Days Payable
52.69 (As of Apr. 2015)

Brown-Forman Corp's payable for the three months ended in Apr. 2015 was $123 Mil. Brown-Forman Corp's cost of goods sold for the three months ended in Apr. 2015 was $213 Mil. Hence, Brown-Forman Corp's days payable for the three months ended in Apr. 2015 was 52.69.

Brown-Forman Corp's days payable declined from Apr. 2014 (62.39) to Apr. 2015 (52.69). It may suggest that Brown-Forman 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.

Brown-Forman Corp's Days Payable for the fiscal year that ended in Apr. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=123/951*365
=47.21

Brown-Forman Corp's Days Payable for the quarter that ended in Apr. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=123/213*365 / 4
=52.69

* 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.

Brown-Forman Corp Annual Data

Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14Apr15
DaysPayable 165.86178.79156.37131.6341.2653.3547.2054.3053.5747.21

Brown-Forman Corp Quarterly Data

Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15
DaysPayable 0.0060.680.000.000.0062.390.000.000.0052.69
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