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Educational Development Corp (NAS:EDUC)
Days Payable
54.28 (As of Nov. 2014)

Educational Development Corp's payable for the three months ended in Nov. 2014 was $2.45 Mil. Educational Development Corp's cost of goods sold for the three months ended in Nov. 2014 was $4.12 Mil. Hence, Educational Development Corp's days payable for the three months ended in Nov. 2014 was 54.28.

Educational Development Corp's days payable declined from Nov. 2013 (71.28) to Nov. 2014 (54.28). It may suggest that Educational Development Corp 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.

Educational Development Corp's Days Payable for the fiscal year that ended in Feb. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2.544/10.524*365
=88.23

Educational Development Corp's Days Payable for the quarter that ended in Nov. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2.448/4.115*365 / 4
=54.28

* 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.

Educational Development Corp Annual Data

Feb05Feb06Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14
DaysPayable 116.3187.62107.0983.4291.5178.2485.4662.0764.7688.23

Educational Development Corp Quarterly Data

Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14Nov14
DaysPayable 115.7171.6067.2480.1687.1071.28110.97108.1996.8254.28
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