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Cato Corp (NYSE:CATO)
Days Payable
64.85 (As of Jan. 2016)

Cato Corp's payable for the three months ended in Jan. 2016 was $113 Mil. Cato Corp's cost of goods sold for the three months ended in Jan. 2016 was $159 Mil. Hence, Cato Corp's days payable for the three months ended in Jan. 2016 was 64.85.

CATO' s Days Payable Range Over the Past 10 Years
Min: 49.1   Max: 71.25
Current: 67

49.1
71.25

During the past 13 years, Cato Corp's highest Days Payable was 71.25. The lowest was 49.10. And the median was 67.44.

CATO's Days Payable is ranked higher than
65% of the 716 Companies
in the Global Apparel Stores industry.

( Industry Median: 50.86 vs. CATO: 67.00 )

Cato Corp's days payable declined from Jan. 2015 (67.45) to Jan. 2016 (64.85). 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. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=113.154/616.48*365
=67.00

Cato Corp's Days Payable for the quarter that ended in Jan. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=113.154/159.214*365 / 4
=64.85

* 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

Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16
DaysPayable 49.1070.7066.8768.5268.3859.8062.2571.2567.8767.00

Cato Corp Quarterly Data

Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16
DaysPayable 63.3972.3753.7552.9862.9367.4556.7759.4567.9864.85
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