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Amcon Distributing Company (AMEX:DIT)
Days Payable
5.41 (As of Mar. 2014)

Amcon Distributing Company's payable for the three months ended in Mar. 2014 was $16 Mil. Amcon Distributing Company's revenue for the three months ended in Mar. 2014 was $272 Mil. Hence, Amcon Distributing Company's days payable for the three months ended in Mar. 2014 was 5.41.

Amcon Distributing Company's days payable increased from May. 2013 (0.00) to Mar. 2014 (5.41). It may suggest that Amcon Distributing Company 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.

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

Days Payable=Payable/Revenue*Days in Period
=16.208/272.422*91
=5.41

* 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 Company Annual Data

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
DaysPayable 7.676.756.366.526.257.726.877.206.035.36

Amcon Distributing Company Quarterly Data

Mar12Jun12Sep12Dec12Mar13May13Jun13Sep13Dec13Mar14
DaysPayable 5.684.855.734.775.160.004.965.084.795.41
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