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Eastman Chemical Co (NYSE:EMN)
Days Payable
28.56 (As of Jun. 2014)

Eastman Chemical Co's payable for the three months ended in Jun. 2014 was $772 Mil. Eastman Chemical Co's revenue for the three months ended in Jun. 2014 was $2,460 Mil. Hence, Eastman Chemical Co's days payable for the three months ended in Jun. 2014 was 28.56.

Eastman Chemical Co's days payable increased from Jun. 2013 (28.23) to Jun. 2014 (28.56). It may suggest that Eastman Chemical Co 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 Co'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 Co's Days Payable for the quarter that ended in Jun. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=772/2460*91
=28.56

* 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 Co Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 60.9130.1731.2830.8944.4466.4263.2337.1736.0032.87

Eastman Chemical Co Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
DaysPayable 28.9328.4833.0733.5243.2328.2329.3533.8331.3528.56
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