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Electro Rent Corp's accounts payable for the three months ended in Aug. 2014 was $7.7 Mil. Electro Rent Corp's cost of goods sold for the three months ended in Aug. 2014 was $25.5 Mil. Hence, Electro Rent Corp's days accounts payable for the three months ended in Aug. 2014 was 27.65.
Electro Rent Corp's days accounts payable increased from Aug. 2013 (23.17) to Aug. 2014 (27.65). It may suggest that Electro Rent Corp delayed paying its suppliers.
Days Accounts Payable indicates the number of days that the accounts payable relative to cost of goods sold the company has. An increase of Days Accounts Payable may suggest that the company delays paying its suppliers.
Electro Rent Corp's Days Accounts Payable for the fiscal year that ended in May. 2014 is calculated as
Electro Rent Corp's Days Accounts Payable for the quarter that ended in Aug. 2014 is calculated as:
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Electro Rent Corp Annual Data
|Days Accts Payable||408.40||305.04||269.17||66.84||53.21||77.50||31.10||29.58||27.66||28.55|
Electro Rent Corp Quarterly Data
|Days Accts Payable||26.04||26.57||19.84||24.66||31.97||23.17||25.81||20.31||27.51||27.65|