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Clearfield Inc (NAS:CLFD)
Days Payable
29.78 (As of Mar. 2016)

Clearfield Inc's payable for the three months ended in Mar. 2016 was $3.16 Mil. Clearfield Inc's cost of goods sold for the three months ended in Mar. 2016 was $9.67 Mil. Hence, Clearfield Inc's days payable for the three months ended in Mar. 2016 was 29.78.

CLFD' s Days Payable Range Over the Past 10 Years
Min: 22.97   Max: 43.17
Current: 30.09

22.97
43.17

During the past 13 years, Clearfield Inc's highest Days Payable was 43.17. The lowest was 22.97. And the median was 26.57.

CLFD's Days Payable is ranked lower than
80% of the 450 Companies
in the Global Communication Equipment industry.

( Industry Median: 59.47 vs. CLFD: 30.09 )

Clearfield Inc's days payable declined from Mar. 2015 (30.92) to Mar. 2016 (29.78). It may suggest that Clearfield 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.

Clearfield Inc's Days Payable for the fiscal year that ended in Sep. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2.358/35.456*365
=24.27

Clearfield Inc's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=3.155/9.667*365 / 4
=29.78

* 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.

Clearfield Inc Annual Data

Mar06Mar07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15
DaysPayable 40.5124.3543.1727.5428.4725.6024.5430.5822.9724.27

Clearfield Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 21.5823.3321.4622.8027.3330.9231.8223.4022.1029.78
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