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II-VI Inc (NAS:IIVI)
Days Accounts Payable
37.14 (As of Sep. 2014)

II-VI Inc's accounts payable for the three months ended in Sep. 2014 was $48.0 Mil. II-VI Inc's cost of goods sold for the three months ended in Sep. 2014 was $118.0 Mil. Hence, II-VI Inc's days accounts payable for the three months ended in Sep. 2014 was 37.14.

II-VI Inc's days accounts payable increased from Sep. 2013 (26.75) to Sep. 2014 (37.14). It may suggest that II-VI Inc delayed paying its suppliers.


Definition

Days Accounts Payable indicates the number of days that the accounts payable relative to cost of goods sold the company has. An increase of Days Accounts Payable may suggest that the company delays paying its suppliers.

II-VI Inc's Days Accounts Payable for the fiscal year that ended in Jun. 2014 is calculated as

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=45.767/456.545*365
=36.59

II-VI Inc's Days Accounts Payable for the quarter that ended in Sep. 2014 is calculated as:

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=48.017/117.974*365 / 4
=37.14

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Accounts Payable, COGS


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

II-VI Inc Annual Data

Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14
Days Accts Payable 35.0625.0535.8032.2120.0137.0230.9231.4124.8036.59

II-VI Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Days Accts Payable 30.2825.4934.5624.7821.7426.7534.4836.7633.2537.14
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