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ITT Educational Services, Inc. (NYSE:ESI)
Days Payable
21.56 (As of Sep. 2013)

ITT Educational Services, Inc.'s payable for the three months ended in Sep. 2013 was $61 Mil. ITT Educational Services, Inc.'s revenue for the three months ended in Sep. 2013 was $259 Mil. Hence, ITT Educational Services, Inc.'s days payable for the three months ended in Sep. 2013 was 21.56.

ITT Educational Services, Inc.'s days payable declined from Sep. 2012 (22.08) to Sep. 2013 (21.56). It may suggest that ITT Educational Services, Inc. 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.

ITT Educational Services, Inc.'s Days Payable for the fiscal year that ended in Dec. 2012 is calculated as

Days Payable=Payable/Revenue*Days in Period
=63.304/1287.209*365
=17.95

ITT Educational Services, Inc.'s Days Payable for the quarter that ended in Sep. 2013 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=61.468/259.416*91
=21.56

* 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.

ITT Educational Services, Inc. Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 19.9529.7623.1018.9425.0919.7815.5319.1917.9519.79

ITT Educational Services, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
DaysPayable 22.4119.4920.6822.2922.0819.1520.1522.3121.5620.08
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