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Forward Air Corp (NAS:FWRD)
Days Payable
13.69 (As of Mar. 2016)

Forward Air Corp's payable for the three months ended in Mar. 2016 was $17.8 Mil. Forward Air Corp's cost of goods sold for the three months ended in Mar. 2016 was $118.7 Mil. Hence, Forward Air Corp's days payable for the three months ended in Mar. 2016 was 13.69.

FWRD' s Days Payable Range Over the Past 10 Years
Min: 14.96   Max: 26.06
Current: 14.45

14.96
26.06

During the past 13 years, Forward Air Corp's highest Days Payable was 26.06. The lowest was 14.96. And the median was 19.50.

FWRD's Days Payable is ranked lower than
83% of the 542 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 35.68 vs. FWRD: 14.45 )

Forward Air Corp's days payable declined from Mar. 2015 (17.23) to Mar. 2016 (13.69). It may suggest that Forward Air Corp 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.

Forward Air Corp'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
=23.334/424.672*365
=20.06

Forward Air Corp's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=17.81/118.7*365 / 4
=13.69

* 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.

Forward Air Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 14.9619.2525.2726.0615.9516.8215.5119.7421.1720.06

Forward Air Corp Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 17.7125.8122.2121.4819.2617.2322.5723.1219.1213.69
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