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Forest Laboratories Inc (NYSE:FRX)
Days Payable
18.41 (As of Mar. 2014)

Forest Laboratories Inc's payable for the three months ended in Mar. 2014 was $221 Mil. Forest Laboratories Inc's revenue for the three months ended in Mar. 2014 was $1,092 Mil. Hence, Forest Laboratories Inc's days payable for the three months ended in Mar. 2014 was 18.41.

Forest Laboratories Inc's days payable increased from Mar. 2013 (17.59) to Mar. 2014 (18.41). It may suggest that Forest Laboratories 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.

Forest Laboratories Inc's Days Payable for the fiscal year that ended in Mar. 2014 is calculated as

Days Payable=Payable/Revenue*Days in Period
=221.025/3646.899*365
=22.12

Forest Laboratories Inc's Days Payable for the quarter that ended in Mar. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=221.025/1092.278*91
=18.41

* 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.

Forest Laboratories Inc Annual Data

Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14
DaysPayable 26.3417.3616.4021.2910.9011.3315.7512.2818.5622.12

Forest Laboratories Inc Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
DaysPayable 8.8813.3015.368.979.8617.5915.567.088.0318.41
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