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

Greenway Medical Technologies Inc's accounts payable for the three months ended in Jun. 2013 was $9.3 Mil. Greenway Medical Technologies Inc's cost of goods sold for the three months ended in Jun. 2013 was $17.2 Mil. Hence, Greenway Medical Technologies Inc's days accounts payable for the three months ended in Jun. 2013 was 49.35.

Greenway Medical Technologies Inc's days accounts payable declined from Jun. 2012 (77.90) to Jun. 2013 (49.35). It may suggest that Greenway Medical Technologies Inc accelerated paying its suppliers.


Definition

Days Accounts Payable indicates the number of days that the accounts payable relative to cost of goods sold the company has. An increase of Days Accounts Payable may suggest that the company delays paying its suppliers.

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

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=9.325/64.459*365
=52.80

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

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=9.325/17.244*365 / 4
=49.35

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Accounts Payable, COGS


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
Days Accts Payable 0.000.000.000.000.0032.0968.2471.3781.2052.80

Greenway Medical Technologies Inc Quarterly Data

Mar11Jun11Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13
Days Accts Payable 57.9559.0861.1048.6767.4377.9071.7376.4446.6849.35
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