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Iridex Corp (NAS:IRIX)
Days Payable
15.59 (As of Mar. 2014)

Iridex Corp's payable for the three months ended in Mar. 2014 was $1.77 Mil. Iridex Corp's revenue for the three months ended in Mar. 2014 was $10.33 Mil. Hence, Iridex Corp's days payable for the three months ended in Mar. 2014 was 15.59.

Iridex Corp's days payable increased from Mar. 2013 (13.03) to Mar. 2014 (15.59). It may suggest that Iridex Corp 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.

Iridex Corp's Days Payable for the fiscal year that ended in Dec. 2012 is calculated as

Days Payable=Payable/Revenue*Days in Period
=2.186/33.859*365
=23.57

Iridex Corp's Days Payable for the quarter that ended in Mar. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=1.77/10.329*91
=15.59

* 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

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 13.7210.7818.6018.9818.1621.1521.3322.1323.5721.72

Iridex Corp Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
DaysPayable 21.2216.9223.0517.6521.5613.0325.4219.8420.7915.59
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