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Amcon Distributing Co (AMEX:DIT)
Days Payable
5.25 (As of Mar. 2016)

Amcon Distributing Co's payable for the three months ended in Mar. 2016 was $16 Mil. Amcon Distributing Co's cost of goods sold for the three months ended in Mar. 2016 was $279 Mil. Hence, Amcon Distributing Co's days payable for the three months ended in Mar. 2016 was 5.25.

DIT' s Days Payable Range Over the Past 10 Years
Min: 5.11   Max: 7.05
Current: 4.79

5.11
7.05

During the past 13 years, Amcon Distributing Co's highest Days Payable was 7.05. The lowest was 5.11. And the median was 6.55.

DIT's Days Payable is ranked lower than
98% of the 296 Companies
in the Global Food Distribution industry.

( Industry Median: 45.66 vs. DIT: 4.79 )

Amcon Distributing Co's days payable declined from Mar. 2015 (5.63) to Mar. 2016 (5.25). It may suggest that Amcon Distributing Co 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.

Amcon Distributing Co'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
=17.045/1205.287*365
=5.16

Amcon Distributing Co's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=16.033/278.909*365 / 4
=5.25

* 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.

Amcon Distributing Co Annual Data

Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15
DaysPayable 6.857.056.766.626.486.965.735.115.165.16

Amcon Distributing Co Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 5.065.704.954.745.025.634.824.794.755.25
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