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Li & Fung Ltd (OTCPK:LFUGF)
Days Payable
58.77 (As of Jun. 2014)

Li & Fung Ltd's payable for the six months ended in Jun. 2014 was $2,493 Mil. Li & Fung Ltd's cost of goods sold for the six months ended in Jun. 2014 was $7,742 Mil. Hence, Li & Fung Ltd's days payable for the six months ended in Jun. 2014 was 58.77.

Li & Fung Ltd's days payable declined from Jun. 2013 (59.19) to Jun. 2014 (58.77). It may suggest that Li & Fung Ltd 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.

Li & Fung Ltd's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2552.495/17530.953*365
=53.14

Li & Fung Ltd's Days Payable for the quarter that ended in Jun. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2493.23/7741.923*365 / 2
=58.77

* 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.

Li & Fung Ltd Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 0.000.000.000.0046.6547.4258.6450.0551.7053.14

Li & Fung Ltd Semi-Annual Data

Dec09Jun10Dec10Jun11Dec11Jun12Dec12Jun13Dec13Jun14
DaysPayable 42.7353.0950.5656.1245.0755.8447.1959.1947.7958.77
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