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Cato Corp (NYSE:CATO)
Days Payable
67.45 (As of Jan. 2015)

Cato Corp's payable for the three months ended in Jan. 2015 was $111.7 Mil. Cato Corp's cost of goods sold for the three months ended in Jan. 2015 was $151.1 Mil. Hence, Cato Corp's days payable for the three months ended in Jan. 2015 was 67.45.

Cato Corp's days payable declined from Jan. 2014 (72.37) to Jan. 2015 (67.45). It may suggest that Cato 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.

Cato Corp's Days Payable for the fiscal year that ended in Jan. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=111.674/600.569*365
=67.87

Cato Corp's Days Payable for the quarter that ended in Jan. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=111.674/151.073*365 / 4
=67.45

* 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.

Cato Corp Annual Data

Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15
DaysPayable 52.0849.1070.7066.8768.5268.3859.8062.2571.2567.87

Cato Corp Quarterly Data

Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14Jan15
DaysPayable 59.3759.8749.5950.7963.3972.3753.7552.8462.9367.45
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