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Layne Christensen Company (NAS:LAYN)
Days Payable
34.96 (As of Oct. 2013)

Layne Christensen Company's payable for the three months ended in Oct. 2013 was $83 Mil. Layne Christensen Company's revenue for the three months ended in Oct. 2013 was $216 Mil. Hence, Layne Christensen Company's days payable for the three months ended in Oct. 2013 was 34.96.

Layne Christensen Company's days payable declined from Oct. 2012 (41.80) to Oct. 2013 (34.96). It may suggest that Layne Christensen Company 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.

Layne Christensen Company's Days Payable for the fiscal year that ended in Jan. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=94.392/1075.624*365
=32.03

Layne Christensen Company's Days Payable for the quarter that ended in Oct. 2013 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=83.17/216.462*91
=34.96

* 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.

Layne Christensen Company Annual Data

Jan04Jan05Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13
DaysPayable 34.3027.3734.4543.6341.7936.2454.630.000.0032.03

Layne Christensen Company Quarterly Data

Jul11Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13
DaysPayable 37.3437.7941.3655.0233.8741.8036.6145.0533.2334.96
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