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ITT Educational Services Inc (NYSE:ESI)
Days Payable
59.32 (As of Dec. 2015)

ITT Educational Services Inc's payable for the three months ended in Dec. 2015 was $59.8 Mil. ITT Educational Services Inc's cost of goods sold for the three months ended in Dec. 2015 was $91.9 Mil. Hence, ITT Educational Services Inc's days payable for the three months ended in Dec. 2015 was 59.32.

ESI' s Days Payable Range Over the Past 10 Years
Min: 42.92   Max: 55.84
Current: 55.84

42.92
55.84

During the past 13 years, ITT Educational Services Inc's highest Days Payable was 55.84. The lowest was 42.92. And the median was 49.38.

ESI's Days Payable is ranked higher than
73% of the 103 Companies
in the Global Education & Training Services industry.

( Industry Median: 23.00 vs. ESI: 55.84 )

ITT Educational Services Inc's days payable increased from Dec. 2014 (57.94) to Dec. 2015 (59.32). It may suggest that ITT Educational Services Inc 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.

ITT Educational Services Inc's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=59.753/390.61*365
=55.84

ITT Educational Services Inc's Days Payable for the quarter that ended in Dec. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=59.753/91.918*365 / 4
=59.32

* 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

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 49.0445.9352.1349.7246.0952.0542.9243.5453.7455.84

ITT Educational Services Inc Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
DaysPayable 46.6644.7051.1559.5862.4857.9464.6768.5164.4059.32
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