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Lee Enterprises Inc (NYSE:LEE)
Days Payable
280.16 (As of Sep. 2014)

Lee Enterprises Inc's payable for the three months ended in Sep. 2014 was $27.2 Mil. Lee Enterprises Inc's cost of goods sold for the three months ended in Sep. 2014 was $8.9 Mil. Hence, Lee Enterprises Inc's days payable for the three months ended in Sep. 2014 was 280.16.

Lee Enterprises Inc's days payable increased from Sep. 2013 (202.35) to Sep. 2014 (280.16). It may suggest that Lee Enterprises Inc 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.

Lee Enterprises Inc's Days Payable for the fiscal year that ended in Sep. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=27.245/37.994*365
=261.74

Lee Enterprises Inc's Days Payable for the quarter that ended in Sep. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=27.245/8.874*365 / 4
=280.16

* 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.

Lee Enterprises Inc Annual Data

Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14
DaysPayable 44.9734.7735.10189.05158.38215.50174.06158.58188.44261.74

Lee Enterprises Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
DaysPayable 162.77207.53151.37159.91161.21202.35191.59201.38218.79280.16
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