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D.R. Horton Inc (NYSE:DHI)
Days Payable
20.55 (As of Jun. 2016)

D.R. Horton Inc's payable for the three months ended in Jun. 2016 was $568 Mil. D.R. Horton Inc's cost of goods sold for the three months ended in Jun. 2016 was $2,523 Mil. Hence, D.R. Horton Inc's days payable for the three months ended in Jun. 2016 was 20.55.

DHI' s Days Payable Range Over the Past 10 Years
Min: 12.41   Max: 33.28
Current: 22.81

12.41
33.28

During the past 13 years, D.R. Horton Inc's highest Days Payable was 33.28. The lowest was 12.41. And the median was 25.13.

DHI's Days Payable is ranked lower than
71% of the 431 Companies
in the Global Residential Construction industry.

( Industry Median: 36.87 vs. DHI: 22.81 )

D.R. Horton Inc's days payable increased from Jun. 2015 (19.75) to Jun. 2016 (20.55). It may suggest that D.R. Horton Inc 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.

D.R. Horton Inc's Days Payable for the fiscal year that ended in Sep. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=473/8535.7*365
=20.23

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=568.2/2523*365 / 4
=20.55

* 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.

D.R. Horton Inc Annual Data

Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15
DaysPayable 33.2820.5712.4128.7718.7924.2127.8626.0527.9720.23

D.R. Horton Inc Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysPayable 23.4019.8622.4822.3624.0619.7517.2020.0421.0220.55
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