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Cintas Corp (NAS:CTAS)
Days Payable
16.22 (As of Aug. 2014)

Cintas Corp's payable for the three months ended in Aug. 2014 was $196 Mil. Cintas Corp's revenue for the three months ended in Aug. 2014 was $1,102 Mil. Hence, Cintas Corp's days payable for the three months ended in Aug. 2014 was 16.22.

Cintas Corp's days payable increased from Aug. 2013 (12.27) to Aug. 2014 (16.22). It may suggest that Cintas Corp 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.

Cintas Corp's Days Payable for the fiscal year that ended in May. 2014 is calculated as

Days Payable=Payable/Revenue*Days in Period
=163.561/4551.812*365
=13.12

Cintas Corp's Days Payable for the quarter that ended in Aug. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=196.39/1102.077*91
=16.22

* 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

May05May06May07May08May09May10May11May12May13May14
DaysPayable 8.257.686.369.986.777.3810.568.4410.8913.12

Cintas Corp Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
DaysPayable 8.1910.2910.179.2310.3812.278.5510.1712.8616.22
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