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Educational Development Corp (NAS:EDUC)
Days Payable
73.12 (As of Feb. 2015)

Educational Development Corp's payable for the three months ended in Feb. 2015 was $2.24 Mil. Educational Development Corp's cost of goods sold for the three months ended in Feb. 2015 was $2.79 Mil. Hence, Educational Development Corp's days payable for the three months ended in Feb. 2015 was 73.12.

Educational Development Corp's days payable declined from Feb. 2014 (110.97) to Feb. 2015 (73.12). 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. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2.238/12.764*365
=64.00

Educational Development Corp's Days Payable for the quarter that ended in Feb. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2.238/2.793*365 / 4
=73.12

* 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

Feb06Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15
DaysPayable 87.62107.0983.4291.5178.2485.4662.0764.7688.2364.00

Educational Development Corp Quarterly Data

Nov12Feb13May13Aug13Nov13Feb14May14Aug14Nov14Feb15
DaysPayable 71.6067.2480.1687.1071.28110.97108.1996.8254.2873.12
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