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Cintas Corp (NAS:CTAS)
Days Payable
15.25 (As of May. 2015)

Cintas Corp's payable for the three months ended in May. 2015 was $110 Mil. Cintas Corp's cost of goods sold for the three months ended in May. 2015 was $656 Mil. Hence, Cintas Corp's days payable for the three months ended in May. 2015 was 15.25.

Cintas Corp's days payable declined from May. 2014 (20.95) to May. 2015 (15.25). It may suggest that Cintas 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.

Cintas Corp's Days Payable for the fiscal year that ended in May. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=109.607/2555.549*365
=15.65

Cintas Corp's Days Payable for the quarter that ended in May. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=109.607/655.923*365 / 4
=15.25

* 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.

Cintas Corp Annual Data

May06May07May08May09May10May11May12May13May14May15
DaysPayable 13.4211.1015.3311.4812.7818.2914.6517.4621.1015.65

Cintas Corp Quarterly Data

Feb13May13Aug13Nov13Feb14May14Aug14Nov14Feb15May15
DaysPayable 15.7016.6917.7014.3416.6920.9520.7324.4016.1215.25
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