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Clearfield, Inc. (NAS:CLFD)
Days Payable
12.27 (As of Dec. 2013)

Clearfield, Inc.'s payable for the three months ended in Dec. 2013 was $2.18 Mil. Clearfield, Inc.'s revenue for the three months ended in Dec. 2013 was $16.15 Mil. Hence, Clearfield, Inc.'s days payable for the three months ended in Dec. 2013 was 12.27.

Clearfield, Inc.'s days payable declined from Dec. 2012 (13.48) to Dec. 2013 (12.27). 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 Dec. 2013 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=2.178/16.148*91
=12.27

* 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 21.0531.1218.2341.6928.7417.7517.8014.9314.5317.98

Clearfield, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
DaysPayable 12.249.6321.1010.8613.0513.4816.6012.8212.5612.27
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