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Esterline Technologies (NYSE:ESL)
Days Accounts Payable
32.29 (As of Jul. 2014)

Esterline Technologies's accounts payable for the three months ended in Jul. 2014 was $123 Mil. Esterline Technologies's cost of goods sold for the three months ended in Jul. 2014 was $349 Mil. Hence, Esterline Technologies's days accounts payable for the three months ended in Jul. 2014 was 32.29.

Esterline Technologies's days accounts payable declined from Jul. 2013 (35.70) to Jul. 2014 (32.29). It may suggest that Esterline Technologies accelerated 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.

Esterline Technologies's Days Accounts Payable for the fiscal year that ended in Oct. 2013 is calculated as

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=123.597/1243.758*365
=36.27

Esterline Technologies's Days Accounts Payable for the quarter that ended in Jul. 2014 is calculated as:

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=123.376/348.651*365 / 4
=32.29

* 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.

Esterline Technologies Annual Data

Oct04Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13
Days Accts Payable 32.4026.3834.0837.6133.0231.1829.7238.7831.1536.27

Esterline Technologies Quarterly Data

Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14
Days Accts Payable 32.5931.9630.3931.6831.9535.7034.3031.9331.2332.29
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