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Hovnanian Enterprises Inc (NYSE:HOV)
Days Payable
28.30 (As of Apr. 2014)

Hovnanian Enterprises Inc's payable for the three months ended in Apr. 2014 was $140 Mil. Hovnanian Enterprises Inc's revenue for the three months ended in Apr. 2014 was $450 Mil. Hence, Hovnanian Enterprises Inc's days payable for the three months ended in Apr. 2014 was 28.30.

Hovnanian Enterprises Inc's days payable increased from Apr. 2013 (23.50) to Apr. 2014 (28.30). It may suggest that Hovnanian Enterprises Inc 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.

Hovnanian Enterprises Inc's Days Payable for the fiscal year that ended in Oct. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=134.76/1851.253*365
=26.57

Hovnanian Enterprises Inc's Days Payable for the quarter that ended in Apr. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=139.915/449.929*91
=28.30

* 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

Oct04Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13
DaysPayable 29.5035.4212.7014.4347.5877.8089.3732.1432.8826.57

Hovnanian Enterprises Inc Quarterly Data

Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14
DaysPayable 39.8634.2636.5225.0024.9423.5023.1220.7328.2528.30
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