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D.R. Horton Inc (NYSE:DHI)
Days Payable
16.79 (As of Sep. 2016)

D.R. Horton Inc's payable for the three months ended in Sep. 2016 was $537 Mil. D.R. Horton Inc's cost of goods sold for the three months ended in Sep. 2016 was $2,918 Mil. Hence, D.R. Horton Inc's days payable for the three months ended in Sep. 2016 was 16.79.

DHI' s Days Payable Range Over the Past 10 Years
Min: 12.41   Max: 28.77
Current: 20.63

12.41
28.77

During the past 13 years, D.R. Horton Inc's highest Days Payable was 28.77. The lowest was 12.41. And the median was 22.42.

DHI's Days Payable is ranked lower than
75% of the 580 Companies
in the Global Residential Construction industry.

( Industry Median: 40.06 vs. DHI: 20.63 )

D.R. Horton Inc's days payable declined from Sep. 2015 (17.20) to Sep. 2016 (16.79). It may suggest that D.R. Horton 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.

D.R. Horton Inc's Days Payable for the fiscal year that ended in Sep. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=537/9502.6*365
=20.63

D.R. Horton Inc's Days Payable for the quarter that ended in Sep. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=537/2918.3*365 / 4
=16.79

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

D.R. Horton Inc Annual Data

Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
DaysPayable 20.5712.4128.7718.7924.2127.8626.0527.9720.2320.63

D.R. Horton Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysPayable 19.8622.4822.3624.0619.7517.2020.0421.0220.5516.79
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