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Ellie Mae Inc (NYSE:ELLI)
Days Payable
30.53 (As of Mar. 2016)

Ellie Mae Inc's payable for the three months ended in Mar. 2016 was $8.9 Mil. Ellie Mae Inc's cost of goods sold for the three months ended in Mar. 2016 was $26.6 Mil. Hence, Ellie Mae Inc's days payable for the three months ended in Mar. 2016 was 30.53.

ELLI' s Days Payable Range Over the Past 10 Years
Min: 17.26   Max: 109.63
Current: 34.79

17.26
109.63

During the past 8 years, Ellie Mae Inc's highest Days Payable was 109.63. The lowest was 17.26. And the median was 42.56.

ELLI's Days Payable is ranked lower than
58% of the 1363 Companies
in the Global Software - Application industry.

( Industry Median: 43.52 vs. ELLI: 34.79 )

Ellie Mae Inc's days payable declined from Mar. 2015 (46.34) to Mar. 2016 (30.53). It may suggest that Ellie Mae Inc 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.

Ellie Mae Inc's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=9.911/84.208*365
=42.96

Ellie Mae Inc's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=8.91/26.631*365 / 4
=30.53

* 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.

Ellie Mae Inc Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 0.000.0017.2634.79109.6352.1532.2042.1653.0442.96

Ellie Mae Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 42.7233.3431.7237.0241.6946.3428.4737.2538.3930.53
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