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Heartland Payment Systems Inc (NYSE:HPY)
Days Payable
10.82 (As of Dec. 2015)

Heartland Payment Systems Inc's payable for the three months ended in Dec. 2015 was $70 Mil. Heartland Payment Systems Inc's cost of goods sold for the three months ended in Dec. 2015 was $594 Mil. Hence, Heartland Payment Systems Inc's days payable for the three months ended in Dec. 2015 was 10.82.

Heartland Payment Systems Inc's days payable increased from Dec. 2014 (10.29) to Dec. 2015 (10.82). It may suggest that Heartland Payment Systems 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.

Heartland Payment Systems Inc's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=70.418/2292.843*365
=11.21

Heartland Payment Systems Inc's Days Payable for the quarter that ended in Dec. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=70.418/593.941*365 / 4
=10.82

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Heartland Payment Systems Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 6.156.256.747.878.999.5613.2614.0810.6611.21

Heartland Payment Systems Inc Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
DaysPayable 12.5714.1413.1912.6710.6410.299.529.228.8510.82
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