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Eastman Chemical Company (NYSE:EMN)
Days Payable
33.83 (As of Dec. 2013)

Eastman Chemical Company's payable for the three months ended in Dec. 2013 was $842 Mil. Eastman Chemical Company's revenue for the three months ended in Dec. 2013 was $2,265 Mil. Hence, Eastman Chemical Company's days payable for the three months ended in Dec. 2013 was 33.83.

Eastman Chemical Company's days payable increased from Dec. 2012 (33.52) to Dec. 2013 (33.83). It may suggest that Eastman Chemical Company 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.

Eastman Chemical Company's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=842/9350*365
=32.87

Eastman Chemical Company's Days Payable for the quarter that ended in Dec. 2013 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=842/2265*91
=33.83

* 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.

Eastman Chemical Company Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 60.9130.1731.2830.8944.4466.4263.2337.1736.0032.87

Eastman Chemical Company Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
DaysPayable 32.7938.6128.9328.4833.0733.5243.2328.2329.3533.83
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