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Greenway Medical Technologies Inc (NYSE:GWAY)
Days Payable
26.92 (As of Jun. 2013)

Greenway Medical Technologies Inc's payable for the three months ended in Jun. 2013 was $10.5 Mil. Greenway Medical Technologies Inc's revenue for the three months ended in Jun. 2013 was $35.5 Mil. Hence, Greenway Medical Technologies Inc's days payable for the three months ended in Jun. 2013 was 26.92.

Greenway Medical Technologies Inc's days payable declined from Jun. 2012 (34.81) to Jun. 2013 (26.92). It may suggest that Greenway Medical Technologies 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.

Greenway Medical Technologies Inc's Days Payable for the fiscal year that ended in Jun. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=10.511/134.844*365
=28.45

Greenway Medical Technologies Inc's Days Payable for the quarter that ended in Jun. 2013 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=10.511/35.526*91
=26.92

* 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.

Greenway Medical Technologies Inc Annual Data

Jun09Jun10Jun11Jun12Jun13
DaysPayable 0.000.000.000.000.0017.5329.3432.1040.9528.45

Greenway Medical Technologies Inc Quarterly Data

Mar11Jun11Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13
DaysPayable 31.2624.4529.3523.5830.3434.8132.5835.6823.3626.92
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