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Ellie Mae Inc (NYSE:ELLI)
Days Payable
41.36 (As of Dec. 2014)

Ellie Mae Inc's payable for the three months ended in Dec. 2014 was $6.7 Mil. Ellie Mae Inc's cost of goods sold for the three months ended in Dec. 2014 was $14.8 Mil. Hence, Ellie Mae Inc's days payable for the three months ended in Dec. 2014 was 41.36.

Ellie Mae Inc's days payable declined from Dec. 2013 (42.72) to Dec. 2014 (41.36). 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. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=6.726/46.283*365
=53.04

Ellie Mae Inc's Days Payable for the quarter that ended in Dec. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=6.726/14.838*365 / 4
=41.36

* 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

Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 0.000.000.0017.2634.03109.6352.1532.2042.3253.04

Ellie Mae Inc Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
DaysPayable 28.5328.5133.8739.6218.2242.7233.7731.7237.0241.36
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