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Bridgepoint Education Inc (NYSE:BPI)
Days Payable
3.15 (As of Dec. 2013)

Bridgepoint Education Inc's payable for the three months ended in Dec. 2013 was $5.7 Mil. Bridgepoint Education Inc's revenue for the three months ended in Dec. 2013 was $163.5 Mil. Hence, Bridgepoint Education Inc's days payable for the three months ended in Dec. 2013 was 3.15.

Bridgepoint Education Inc's days payable declined from Dec. 2012 (4.83) to Dec. 2013 (3.15). It may suggest that Bridgepoint Education 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.

Bridgepoint Education Inc's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=5.661/768.623*365
=2.69

Bridgepoint Education Inc's Days Payable for the quarter that ended in Dec. 2013 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=5.661/163.453*91
=3.15

* 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.

Bridgepoint Education Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 0.000.000.0011.597.872.312.603.504.192.69

Bridgepoint Education Inc Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
DaysPayable 3.696.513.477.084.832.833.394.573.153.73
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