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Electro Rent Corporation (NAS:ELRC)
Days Payable
8.52 (As of Feb. 2014)

Electro Rent Corporation's payable for the three months ended in Feb. 2014 was $5.8 Mil. Electro Rent Corporation's revenue for the three months ended in Feb. 2014 was $62.0 Mil. Hence, Electro Rent Corporation's days payable for the three months ended in Feb. 2014 was 8.52.

Electro Rent Corporation's days payable declined from Feb. 2013 (10.72) to Feb. 2014 (8.52). It may suggest that Electro Rent Corporation 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.

Electro Rent Corporation's Days Payable for the fiscal year that ended in May. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=7.479/248.731*365
=10.98

Electro Rent Corporation's Days Payable for the quarter that ended in Feb. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=5.805/62.016*91
=8.52

* 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.

Electro Rent Corporation Annual Data

May04May05May06May07May08May09May10May11May12May13
DaysPayable 64.2347.4336.0729.3911.529.2120.7513.1412.5610.98

Electro Rent Corporation Quarterly Data

Nov11Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14
DaysPayable 10.459.7811.4210.1648.8510.7211.278.589.118.52
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