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JC Penney Co Inc (NYSE:JCP)
Days Payable
35.28 (As of Jan. 2015)

JC Penney Co Inc's payable for the three months ended in Jan. 2015 was $997 Mil. JC Penney Co Inc's cost of goods sold for the three months ended in Jan. 2015 was $2,579 Mil. Hence, JC Penney Co Inc's days payable for the three months ended in Jan. 2015 was 35.28.

JC Penney Co Inc's days payable declined from Apr. 2014 (40.93) to Jan. 2015 (35.28). It may suggest that JC Penney Co 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.

JC Penney Co Inc's Days Payable for the fiscal year that ended in Jan. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=948/8367*365
=41.36

JC Penney Co Inc's Days Payable for the quarter that ended in Jan. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=997/2579*365 / 4
=35.28

* 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.

JC Penney Co Inc Annual Data

Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15
DaysPayable 37.4841.2844.0837.6642.0338.2933.7847.5541.3645.51

JC Penney Co Inc Quarterly Data

Jul13Oct13Dec13Jan14Apr14Jul14Oct14Dec14Jan15Apr15
DaysPayable 62.0765.600.0031.9440.9350.1367.170.0035.2853.41
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