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Clearfield Inc (NAS:CLFD)
Days Payable
12.39 (As of Jun. 2014)

Clearfield Inc's payable for the three months ended in Jun. 2014 was $1.96 Mil. Clearfield Inc's revenue for the three months ended in Jun. 2014 was $14.36 Mil. Hence, Clearfield Inc's days payable for the three months ended in Jun. 2014 was 12.39.

Clearfield Inc's days payable declined from Jun. 2013 (12.82) to Jun. 2014 (12.39). 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. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=2.628/53.353*365
=17.98

Clearfield Inc's Days Payable for the quarter that ended in Jun. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=1.956/14.363*91
=12.39

* 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

Mar05Mar06Mar07Sep07Sep08Sep09Sep10Sep11Sep12Sep13
DaysPayable 21.4031.4418.7441.6928.7417.7517.8014.9314.5317.98

Clearfield Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
DaysPayable 21.1010.8613.0513.4816.6012.8212.5612.2713.1912.39
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