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Cantel Medical Corp (NYSE:CMN)
Days Payable
15.56 (As of Oct. 2015)

Cantel Medical Corp's payable for the three months ended in Oct. 2015 was $14.1 Mil. Cantel Medical Corp's cost of goods sold for the three months ended in Oct. 2015 was $82.6 Mil. Hence, Cantel Medical Corp's days payable for the three months ended in Oct. 2015 was 15.56.

CMN' s Days Payable Range Over the Past 10 Years
Min: 18.96   Max: 25.88
Current: 16.18

18.96
25.88

During the past 13 years, Cantel Medical Corp's highest Days Payable was 25.88. The lowest was 18.96. And the median was 21.77.

CMN's Days Payable is ranked lower than
96% of the 160 Companies
in the Global Medical Instruments & Supplies industry.

( Industry Median: 56.63 vs. CMN: 16.18 )

Cantel Medical Corp's days payable declined from Oct. 2014 (21.12) to Oct. 2015 (15.56). It may suggest that Cantel Medical 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.

Cantel Medical Corp's Days Payable for the fiscal year that ended in Jul. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=16.184/311.537*365
=18.96

Cantel Medical Corp's Days Payable for the quarter that ended in Oct. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=14.085/82.581*365 / 4
=15.56

* 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.

Cantel Medical Corp Annual Data

Jul06Jul07Jul08Jul09Jul10Jul11Jul12Jul13Jul14Jul15
DaysPayable 23.9325.1021.9420.3421.5924.2620.2720.1325.8818.96

Cantel Medical Corp Quarterly Data

Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15
DaysPayable 18.7419.3020.0921.2723.9721.1222.1721.3817.9015.56
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