Switch to:
DTE Energy Holding Co (NYSE:DTE)
Days Payable
71.19 (As of Sep. 2014)

DTE Energy Holding Co's payable for the three months ended in Sep. 2014 was $873 Mil. DTE Energy Holding Co's cost of goods sold for the three months ended in Sep. 2014 was $1,119 Mil. Hence, DTE Energy Holding Co's days payable for the three months ended in Sep. 2014 was 71.19.

DTE Energy Holding Co's days payable declined from Sep. 2013 (81.72) to Sep. 2014 (71.19). It may suggest that DTE Energy Holding 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.

DTE Energy Holding Co's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=962/4055*365
=86.59

DTE Energy Holding Co's Days Payable for the quarter that ended in Sep. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=873/1119*365 / 4
=71.19

* 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.

DTE Energy Holding Co Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 162.22122.74137.16122.1876.2084.6483.4180.7093.9186.59

DTE Energy Holding Co Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
DaysPayable 95.3186.8181.5463.3678.4481.7278.1040.0167.6571.19
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