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ITT Corp (NYSE:ITT)
Days Accounts Payable
69.02 (As of Sep. 2014)

ITT Corp's accounts payable for the three months ended in Sep. 2014 was $331 Mil. ITT Corp's cost of goods sold for the three months ended in Sep. 2014 was $437 Mil. Hence, ITT Corp's days accounts payable for the three months ended in Sep. 2014 was 69.02.

ITT Corp's days accounts payable declined from Sep. 2013 (73.07) to Sep. 2014 (69.02). It may suggest that ITT Corp accelerated 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.

ITT Corp's Days Accounts Payable for the fiscal year that ended in Dec. 2013 is calculated as

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=332.7/1697.1*365
=71.55

ITT Corp's Days Accounts Payable for the quarter that ended in Sep. 2014 is calculated as:

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=330.7/437.2*365 / 4
=69.02

* 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.

ITT Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Days Accts Payable 58.8254.1560.3873.5653.4060.74417.5391.4981.8471.55

ITT Corp Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Days Accts Payable 98.7678.2487.3076.6180.7673.0769.4968.3270.0269.02
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