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Gyrodyne Co of America Inc (NAS:GYRO)
Days Payable
49.36 (As of Dec. 2014)

Gyrodyne Co of America Inc's payable for the three months ended in Dec. 2014 was $0.79 Mil. Gyrodyne Co of America Inc's cost of goods sold for the three months ended in Dec. 2014 was $1.47 Mil. Hence, Gyrodyne Co of America Inc's days payable for the three months ended in Dec. 2014 was 49.36.

Gyrodyne Co of America Inc's days payable declined from Dec. 2013 (106.58) to Dec. 2014 (49.36). It may suggest that Gyrodyne Co of America 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.

Gyrodyne Co of America Inc's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=0.793/2.606*365
=111.07

Gyrodyne Co of America Inc's Days Payable for the quarter that ended in Dec. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=0.793/1.466*365 / 4
=49.36

* 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.

Gyrodyne Co of America Inc Annual Data

Apr05Apr06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 101.94752.05251.7591.31186.05113.8351.9477.02248.17111.07

Gyrodyne Co of America Inc Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
DaysPayable 96.5777.2874.60140.26647.39106.5880.74183.8261.2449.36
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