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Crown Crafts Inc (NAS:CRWS)
Days Payable
52.06 (As of Jun. 2015)

Crown Crafts Inc's payable for the three months ended in Jun. 2015 was $7.46 Mil. Crown Crafts Inc's cost of goods sold for the three months ended in Jun. 2015 was $13.08 Mil. Hence, Crown Crafts Inc's days payable for the three months ended in Jun. 2015 was 52.06.

Crown Crafts Inc's days payable declined from Jun. 2014 (60.62) to Jun. 2015 (52.06). It may suggest that Crown Crafts 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.

Crown Crafts Inc's Days Payable for the fiscal year that ended in Mar. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=4.472/62.428*365
=26.15

Crown Crafts Inc's Days Payable for the quarter that ended in Jun. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=7.46/13.077*365 / 4
=52.06

* 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.

Crown Crafts Inc Annual Data

Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15
DaysPayable 23.0724.0636.4132.6130.8424.8833.8145.9031.4726.15

Crown Crafts Inc Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
DaysPayable 38.5448.6337.5759.8526.1960.6248.1949.6321.1552.06
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