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Cardiovascular Systems, Inc. (NAS:CSII)
Days Payable
23.95 (As of Dec. 2013)

Cardiovascular Systems, Inc.'s payable for the three months ended in Dec. 2013 was $8.5 Mil. Cardiovascular Systems, Inc.'s revenue for the three months ended in Dec. 2013 was $32.3 Mil. Hence, Cardiovascular Systems, Inc.'s days payable for the three months ended in Dec. 2013 was 23.95.

Cardiovascular Systems, Inc.'s days payable increased from Dec. 2012 (18.02) to Dec. 2013 (23.95). It may suggest that Cardiovascular Systems, Inc. delayed 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.

Cardiovascular Systems, Inc.'s Days Payable for the fiscal year that ended in Jun. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=7.23/103.897*365
=25.40

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

Days Payable=Payable/Revenue*Days in Period
=8.511/32.337*91
=23.95

* 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.

Cardiovascular Systems, Inc. Annual Data

Dec04Dec05Dec06Dec07Dec08Jun09Jun10Jun11Jun12Jun13
DaysPayable 532.187,576.44181.6628.370.0030.7118.8824.0024.8225.40

Cardiovascular Systems, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
DaysPayable 25.3726.0021.7722.2921.8618.0221.2522.8326.0523.95
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