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Electro Rent Corp (NAS:ELRC)
Days Payable
41.57 (As of Feb. 2016)

Electro Rent Corp's payable for the three months ended in Feb. 2016 was $4.8 Mil. Electro Rent Corp's cost of goods sold for the three months ended in Feb. 2016 was $10.6 Mil. Hence, Electro Rent Corp's days payable for the three months ended in Feb. 2016 was 41.57.

Electro Rent Corp's days payable increased from Feb. 2015 (28.59) to Feb. 2016 (41.57). It may suggest that Electro Rent Corp delayed 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.

Electro Rent Corp's Days Payable for the fiscal year that ended in May. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=8.234/99.643*365
=30.16

Electro Rent Corp's Days Payable for the quarter that ended in Feb. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=4.821/10.582*365 / 4
=41.57

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Electro Rent Corp Annual Data

May06May07May08May09May10May11May12May13May14May15
DaysPayable 305.04269.1766.8453.2177.5031.1029.5827.6628.5530.16

Electro Rent Corp Quarterly Data

Nov13Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16
DaysPayable 25.8120.3127.5127.6527.8328.5929.1028.7642.4441.57
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