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Forward Air Corporation (NAS:FWRD)
Days Payable
10.54 (As of Dec. 2013)

Forward Air Corporation's payable for the three months ended in Dec. 2013 was $21.0 Mil. Forward Air Corporation's revenue for the three months ended in Dec. 2013 was $181.1 Mil. Hence, Forward Air Corporation's days payable for the three months ended in Dec. 2013 was 10.54.

Forward Air Corporation's days payable increased from Dec. 2012 (8.86) to Dec. 2013 (10.54). It may suggest that Forward Air Corporation 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.

Forward Air Corporation's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=20.977/652.481*365
=11.73

Forward Air Corporation's Days Payable for the quarter that ended in Dec. 2013 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=20.977/181.085*91
=10.54

* 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 Corporation Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 12.9716.4010.4314.7310.9213.4310.8313.599.4611.73

Forward Air Corporation Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
DaysPayable 9.7912.2611.007.538.188.869.186.949.1310.54
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