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Cowen Group, Inc. (NAS:COWN)
Days Payable
129.96 (As of Dec. 2013)

Cowen Group, Inc.'s payable for the three months ended in Dec. 2013 was $139.2 Mil. Cowen Group, Inc.'s revenue for the three months ended in Dec. 2013 was $97.4 Mil. Hence, Cowen Group, Inc.'s days payable for the three months ended in Dec. 2013 was 129.96.

Cowen Group, Inc.'s days payable declined from Dec. 2012 (335.90) to Dec. 2013 (129.96). It may suggest that Cowen Group, 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.

Cowen Group, Inc.'s Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=139.155/327.246*365
=155.21

Cowen Group, Inc.'s Days Payable for the quarter that ended in Dec. 2013 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=139.155/97.438*91
=129.96

* 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.

Cowen Group, Inc. Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 403.08311.35210.670.52208.57561.29361.79549.34369.39155.21

Cowen Group, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
DaysPayable 552.91639.41307.27391.80377.63335.90235.47252.70210.46129.96
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