Switch to:
Hovnanian Enterprises Inc (NYSE:HOV)
Days Payable
62.80 (As of Oct. 2014)

Hovnanian Enterprises Inc's payable for the three months ended in Oct. 2014 was $393 Mil. Hovnanian Enterprises Inc's cost of goods sold for the three months ended in Oct. 2014 was $571 Mil. Hence, Hovnanian Enterprises Inc's days payable for the three months ended in Oct. 2014 was 62.80.

Hovnanian Enterprises Inc's days payable declined from Oct. 2013 (66.40) to Oct. 2014 (62.80). 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 Oct. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=393.154/571.273*365 / 4
=62.80

* 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

Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14
DaysPayable 31.5619.0029.8928.1828.1766.4033.4134.5028.8662.80
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK