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Electro Rent Corp (NAS:ELRC)
Days Accounts Payable
27.65 (As of Aug. 2014)

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.


Definition

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

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=7.279/93.044*365
=28.55

Electro Rent Corp's Days Accounts Payable for the quarter that ended in Aug. 2014 is calculated as:

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=7.719/25.476*365 / 4
=27.65

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Accounts Payable, COGS


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Electro Rent Corp Annual Data

May05May06May07May08May09May10May11May12May13May14
Days Accts Payable 408.40305.04269.1766.8453.2177.5031.1029.5827.6628.55

Electro Rent Corp Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
Days Accts Payable 26.0426.5719.8424.6631.9723.1725.8120.3127.5127.65
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