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First Trust Energy Income & Growth Fund (AMEX:FEN)
Days Payable
97.94 (As of Nov. 2013)

First Trust Energy Income & Growth Fund's payable for the six months ended in Nov. 2013 was $2.94 Mil. First Trust Energy Income & Growth Fund's revenue for the six months ended in Nov. 2013 was $2.73 Mil. Hence, First Trust Energy Income & Growth Fund's days payable for the six months ended in Nov. 2013 was 97.94.

First Trust Energy Income & Growth Fund's days payable declined from Nov. 2012 (100.35) to Nov. 2013 (97.94). It may suggest that First Trust Energy Income & Growth Fund 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.

First Trust Energy Income & Growth Fund's Days Payable for the fiscal year that ended in Nov. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=2.936/4.518*365
=237.19

First Trust Energy Income & Growth Fund's Days Payable for the quarter that ended in Nov. 2013 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=2.936/2.728*91
=97.94

* 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.

First Trust Energy Income & Growth Fund Annual Data

Nov10Nov11Nov12Nov13
DaysPayable 0.000.000.000.000.000.001,925.92151.62222.74237.19

First Trust Energy Income & Growth Fund Semi-Annual Data

May10Nov10May11Nov11May12Nov12May13Nov13
DaysPayable 0.000.00328.25513.701,126.8441.03138.67100.3555.2697.94
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