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IRIDEX Corp (NAS:IRIX)
Days Payable
37.08 (As of Mar. 2016)

IRIDEX Corp's payable for the three months ended in Mar. 2016 was $2.70 Mil. IRIDEX Corp's cost of goods sold for the three months ended in Mar. 2016 was $6.63 Mil. Hence, IRIDEX Corp's days payable for the three months ended in Mar. 2016 was 37.08.

IRIX' s Days Payable Range Over the Past 10 Years
Min: 24.25   Max: 43.87
Current: 42.69

24.25
43.87

During the past 13 years, IRIDEX Corp's highest Days Payable was 43.87. The lowest was 24.25. And the median was 33.96.

IRIX's Days Payable is ranked lower than
68% of the 262 Companies
in the Global Medical Devices industry.

( Industry Median: 62.25 vs. IRIX: 42.69 )

IRIDEX Corp's days payable declined from Mar. 2015 (42.76) to Mar. 2016 (37.08). It may suggest that IRIDEX Corp 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.

IRIDEX Corp'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
=2.223/21.804*365
=37.21

IRIDEX Corp's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2.696/6.634*365 / 4
=37.08

* 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.

IRIDEX Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 39.0633.7230.5529.7924.2534.1943.8742.2429.9737.21

IRIDEX Corp Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 38.1530.6234.6433.8327.3042.7639.0346.9530.6037.08
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