Switch to:
Amcon Distributing Co (AMEX:DIT)
Days Accounts Payable
4.74 (As of Sep. 2014)

Amcon Distributing Co's accounts payable for the three months ended in Sep. 2014 was $16 Mil. Amcon Distributing Co's cost of goods sold for the three months ended in Sep. 2014 was $316 Mil. Hence, Amcon Distributing Co's days accounts payable for the three months ended in Sep. 2014 was 4.74.

Amcon Distributing Co's days accounts payable declined from Sep. 2013 (4.85) to Sep. 2014 (4.74). It may suggest that Amcon Distributing Co accelerated paying its suppliers.


Definition

Days Accounts Payable indicates the number of days that the accounts payable relative to cost of goods sold the company has. An increase of Days Accounts Payable may suggest that the company delays paying its suppliers.

Amcon Distributing Co's Days Accounts Payable for the fiscal year that ended in Sep. 2014 is calculated as

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=16.413/1160.249*365
=5.16

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

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=16.413/316.109*365 / 4
=4.74

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Accounts Payable, COGS


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

Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14
Days Accts Payable 8.226.857.056.766.626.486.965.735.115.16

Amcon Distributing Co Quarterly Data

Sep12Dec12Mar13May13Jun13Sep13Dec13Mar14Jun14Sep14
Days Accts Payable 5.484.915.500.004.974.855.065.704.954.74
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK