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Home Inns & Hotels Management Inc (NAS:HMIN)
Days Payable
61.21 (As of Sep. 2013)

Home Inns & Hotels Management Inc's payable for the three months ended in Sep. 2013 was $180.0 Mil. Home Inns & Hotels Management Inc's revenue for the three months ended in Sep. 2013 was $267.6 Mil. Hence, Home Inns & Hotels Management Inc's days payable for the three months ended in Sep. 2013 was 61.21.

Home Inns & Hotels Management Inc's days payable declined from Sep. 2012 (70.22) to Sep. 2013 (61.21). It may suggest that Home Inns & Hotels Management 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.

Home Inns & Hotels Management Inc's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=185.710791605/985.151214675*365
=68.81

Home Inns & Hotels Management Inc's Days Payable for the quarter that ended in Sep. 2013 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=179.975094216/267.574963133*91
=61.21

* 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.

Home Inns & Hotels Management Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 9.426.315.875.00112.1447.8964.60103.1974.8068.81

Home Inns & Hotels Management Inc Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
DaysPayable 67.900.0067.0367.2370.2273.4371.0763.6861.2167.67
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