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Hovnanian Enterprises Inc (NYSE:HOV)
Days Payable
30.29 (As of Jul. 2015)

Hovnanian Enterprises Inc's payable for the three months ended in Jul. 2015 was $152 Mil. Hovnanian Enterprises Inc's cost of goods sold for the three months ended in Jul. 2015 was $458 Mil. Hence, Hovnanian Enterprises Inc's days payable for the three months ended in Jul. 2015 was 30.29.

HOV' s Days Payable Range Over the Past 10 Years
Min: 15   Max: 91
Current: 29.83

15
91

During the past 13 years, Hovnanian Enterprises Inc's highest Days Payable was 91.00. The lowest was 15.00. And the median was 36.46.

HOV's Days Payable is ranked lower than
64% of the 613 Companies
in the Global Residential Construction industry.

( Industry Median: 41.34 vs. HOV: 29.83 )

Hovnanian Enterprises Inc's days payable increased from Jul. 2014 (28.86) to Jul. 2015 (30.29). 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. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=0/1825.667*365
=0.00

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=152.14/458.269*365 / 4
=30.29

* 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

Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14Oct15
DaysPayable 16.4715.0040.7157.4091.0032.8136.4623.5485.700.00

Hovnanian Enterprises Inc Quarterly Data

Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15
DaysPayable 28.1719.2233.4134.5028.8661.9329.3432.1730.290.00
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