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Cyberonics Inc (NAS:CYBX)
Days Payable
56.03 (As of Jul. 2015)

Cyberonics Inc's payable for the three months ended in Jul. 2015 was $5.8 Mil. Cyberonics Inc's cost of goods sold for the three months ended in Jul. 2015 was $9.4 Mil. Hence, Cyberonics Inc's days payable for the three months ended in Jul. 2015 was 56.03.

Cyberonics Inc's days payable declined from Jul. 2014 (85.90) to Jul. 2015 (56.03). It may suggest that Cyberonics 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.

Cyberonics Inc's Days Payable for the fiscal year that ended in Apr. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=7.251/27.311*365
=96.91

Cyberonics Inc's Days Payable for the quarter that ended in Jul. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=5.792/9.433*365 / 4
=56.03

* 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.

Cyberonics Inc Annual Data

Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14Apr15
DaysPayable 119.73118.9947.4255.4973.2965.3690.73133.72101.0196.91

Cyberonics Inc Quarterly Data

Apr13Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15
DaysPayable 115.1775.9186.4172.4193.0385.9086.31107.0787.1256.03
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