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Horizon Pharma Inc (NAS:HZNP)
Days Payable
21.90 (As of Jun. 2014)

Horizon Pharma Inc's payable for the three months ended in Jun. 2014 was $15.90 Mil. Horizon Pharma Inc's revenue for the three months ended in Jun. 2014 was $66.06 Mil. Hence, Horizon Pharma Inc's days payable for the three months ended in Jun. 2014 was 21.90.

Horizon Pharma Inc's days payable declined from Jun. 2013 (45.98) to Jun. 2014 (21.90). It may suggest that Horizon Pharma 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.

Horizon Pharma Inc's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=9.921/74.016*365
=48.92

Horizon Pharma Inc's Days Payable for the quarter that ended in Jun. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=15.896/66.062*91
=21.90

* 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.

Horizon Pharma Inc Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 0.000.000.000.000.000.00386.20440.82111.2948.92

Horizon Pharma Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
DaysPayable 319.02188.66101.9180.7454.6045.9817.5134.2318.0021.90
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