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Honda Motor Co Ltd (NYSE:HMC)
Days Payable
37.56 (As of Dec. 2014)

Honda Motor Co Ltd's payable for the three months ended in Dec. 2014 was $8,436 Mil. Honda Motor Co Ltd's cost of goods sold for the three months ended in Dec. 2014 was $20,495 Mil. Hence, Honda Motor Co Ltd's days payable for the three months ended in Dec. 2014 was 37.56.

Honda Motor Co Ltd's days payable declined from Dec. 2013 (39.32) to Dec. 2014 (37.56). It may suggest that Honda Motor Co Ltd 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.

Honda Motor Co Ltd's Days Payable for the fiscal year that ended in Mar. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=10466.8653508/85607.611882*365
=44.63

Honda Motor Co Ltd's Days Payable for the quarter that ended in Dec. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=8435.67014992/20494.7566821*365 / 4
=37.56

* 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.

Honda Motor Co Ltd Annual Data

Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15
DaysPayable 52.8752.5943.3733.1845.6638.8558.1147.5444.6345.22

Honda Motor Co Ltd Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
DaysPayable 39.3442.5736.6439.6439.3242.9338.6042.0737.5642.79
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