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Homeinns Hotel Group (NAS:HMIN)
Days Payable
5.32 (As of Jun. 2015)

Homeinns Hotel Group's payable for the three months ended in Jun. 2015 was $12.4 Mil. Homeinns Hotel Group's cost of goods sold for the three months ended in Jun. 2015 was $213.1 Mil. Hence, Homeinns Hotel Group's days payable for the three months ended in Jun. 2015 was 5.32.

Homeinns Hotel Group's days payable increased from Jun. 2014 (4.81) to Jun. 2015 (5.32). It may suggest that Homeinns Hotel Group 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.

Homeinns Hotel Group'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
=14.0498658824/844.190446951*365
=6.07

Homeinns Hotel Group's Days Payable for the quarter that ended in Jun. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=12.4171662477/213.149938761*365 / 4
=5.32

* 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.

Homeinns Hotel Group Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 12.488.066.565.473.977.5211.016.046.486.07

Homeinns Hotel Group Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
DaysPayable 4.985.264.376.370.004.816.365.954.045.32
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