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Cal-Maine Foods Inc (NAS:CALM)
Days Payable
3.29 (As of Feb. 2014)

Cal-Maine Foods Inc's payable for the three months ended in Feb. 2014 was $14 Mil. Cal-Maine Foods Inc's revenue for the three months ended in Feb. 2014 was $396 Mil. Hence, Cal-Maine Foods Inc's days payable for the three months ended in Feb. 2014 was 3.29.

Cal-Maine Foods Inc's days payable increased from Feb. 2013 (2.57) to Feb. 2014 (3.29). It may suggest that Cal-Maine Foods 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.

Cal-Maine Foods Inc's Days Payable for the fiscal year that ended in May. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=47.593/1288.104*365
=13.49

Cal-Maine Foods Inc's Days Payable for the quarter that ended in Feb. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=14.284/395.522*91
=3.29

* 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.

Cal-Maine Foods Inc Annual Data

May04May05May06May07May08May09May10May11May12May13
DaysPayable 25.1019.4918.4917.0714.2217.1917.8420.3626.1513.49

Cal-Maine Foods Inc Quarterly Data

Nov11Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14
DaysPayable 2.432.6126.361.051.322.5713.290.472.243.29
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