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Cintas Corporation (NAS:CTAS)
Days Payable
10.17 (As of Feb. 2014)

Cintas Corporation's payable for the three months ended in Feb. 2014 was $126 Mil. Cintas Corporation's revenue for the three months ended in Feb. 2014 was $1,130 Mil. Hence, Cintas Corporation's days payable for the three months ended in Feb. 2014 was 10.17.

Cintas Corporation's days payable increased from Feb. 2013 (9.23) to Feb. 2014 (10.17). It may suggest that Cintas Corporation 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 Corporation's Days Payable for the fiscal year that ended in May. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=121.029/4316.471*365
=10.23

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

Days Payable=Payable/Revenue*Days in Period
=126.354/1130.237*91
=10.17

* 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 Corporation Annual Data

May04May05May06May07May08May09May10May11May12May13
DaysPayable 6.938.257.686.369.986.777.3810.568.4410.23

Cintas Corporation Quarterly Data

Nov11Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14
DaysPayable 9.9210.390.0010.2910.179.239.7512.058.5510.17
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