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Hovnanian Enterprises Inc (NYSE:HOV)
Days Payable
29.34 (As of Jan. 2015)

Hovnanian Enterprises Inc's payable for the three months ended in Jan. 2015 was $121 Mil. Hovnanian Enterprises Inc's cost of goods sold for the three months ended in Jan. 2015 was $376 Mil. Hence, Hovnanian Enterprises Inc's days payable for the three months ended in Jan. 2015 was 29.34.

Hovnanian Enterprises Inc's days payable declined from Jan. 2014 (32.68) to Jan. 2015 (29.34). It may suggest that Hovnanian Enterprises 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.

Hovnanian Enterprises Inc's Days Payable for the fiscal year that ended in Oct. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=393.154/1674.389*365
=85.70

Hovnanian Enterprises Inc's Days Payable for the quarter that ended in Jan. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=120.777/375.677*365 / 4
=29.34

* 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.

Hovnanian Enterprises Inc Annual Data

Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14
DaysPayable 48.1416.4715.0040.7156.6427.3932.8125.6682.9385.70

Hovnanian Enterprises Inc Quarterly Data

Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14Jan15
DaysPayable 19.0029.8928.1828.1766.4032.6834.5028.8662.8029.34
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