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Forestar Group Inc (NYSE:FOR)
Days Payable
11.31 (As of Sep. 2015)

Forestar Group Inc's payable for the three months ended in Sep. 2015 was $14.0 Mil. Forestar Group Inc's cost of goods sold for the three months ended in Sep. 2015 was $112.7 Mil. Hence, Forestar Group Inc's days payable for the three months ended in Sep. 2015 was 11.31.

FOR' s Days Payable Range Over the Past 10 Years
Min: 19.48   Max: 79.72
Current: 15.83

19.48
79.72

During the past 12 years, Forestar Group Inc's highest Days Payable was 79.72. The lowest was 19.48. And the median was 33.07.

FOR's Days Payable is ranked lower than
83% of the 851 Companies
in the Global Real Estate - General industry.

( Industry Median: 61.23 vs. FOR: 15.83 )

Forestar Group Inc's days payable declined from Sep. 2014 (41.09) to Sep. 2015 (11.31). It may suggest that Forestar Group 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.

Forestar Group Inc's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=20.4/225.141*365
=33.07

Forestar Group Inc's Days Payable for the quarter that ended in Sep. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=13.976/112.74*365 / 4
=11.31

* 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.

Forestar Group Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 0.0019.4836.6745.1032.9731.9027.4979.7238.9033.07

Forestar Group Inc Quarterly Data

Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15
DaysPayable 30.6129.8933.0029.1534.1241.0921.5033.269.7811.31
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