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Amcon Distributing Co (AMEX:DIT)
Days Payable
4.73 (As of Jun. 2014)

Amcon Distributing Co's payable for the three months ended in Jun. 2014 was $17 Mil. Amcon Distributing Co's revenue for the three months ended in Jun. 2014 was $323 Mil. Hence, Amcon Distributing Co's days payable for the three months ended in Jun. 2014 was 4.73.

Amcon Distributing Co's days payable declined from Jun. 2013 (4.96) to Jun. 2014 (4.73). 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. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=17.782/1211.053*365
=5.36

Amcon Distributing Co's Days Payable for the quarter that ended in Jun. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=16.78/322.648*91
=4.73

* 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

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
DaysPayable 7.676.756.366.526.257.726.877.206.035.36

Amcon Distributing Co Quarterly Data

Jun12Sep12Dec12Mar13May13Jun13Sep13Dec13Mar14Jun14
DaysPayable 4.855.734.775.160.004.965.084.795.414.73
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