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DeVry Education Group Inc (NYSE:DV)
Days Payable
23.05 (As of Jun. 2015)

DeVry Education Group Inc's payable for the three months ended in Jun. 2015 was $63 Mil. DeVry Education Group Inc's cost of goods sold for the three months ended in Jun. 2015 was $250 Mil. Hence, DeVry Education Group Inc's days payable for the three months ended in Jun. 2015 was 23.05.

DeVry Education Group Inc's days payable increased from Jun. 2014 (18.62) to Jun. 2015 (23.05). It may suggest that DeVry Education Group Inc 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.

DeVry Education Group Inc's Days Payable for the fiscal year that ended in Jun. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=63.083/1000.055*365
=23.02

DeVry Education Group Inc's Days Payable for the quarter that ended in Jun. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=63.083/249.729*365 / 4
=23.05

* 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.

DeVry Education Group Inc Annual Data

Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15
DaysPayable 31.9625.7251.0539.0139.9325.3923.4920.9119.4023.02

DeVry Education Group Inc Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
DaysPayable 20.7420.4821.8223.5520.5318.6225.2620.2821.0923.05
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