Switch to:
Matthews International Corporation (NAS:MATW)
Days Payable
24.69 (As of Mar. 2015)

Matthews International Corporation's payable for the three months ended in Mar. 2015 was $60 Mil. Matthews International Corporation's cost of goods sold for the three months ended in Mar. 2015 was $222 Mil. Hence, Matthews International Corporation's days payable for the three months ended in Mar. 2015 was 24.69.

Matthews International Corporation's days payable declined from Mar. 2014 (26.76) to Mar. 2015 (24.69). It may suggest that Matthews International Corporation 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.

Matthews International Corporation'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
=72.04/714.101*365
=36.82

Matthews International Corporation's Days Payable for the quarter that ended in Mar. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=59.995/221.699*365 / 4
=24.69

* 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.

Matthews International Corporation Annual Data

Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14
DaysPayable 38.1222.1417.7919.6221.4826.5928.6928.6826.2536.82

Matthews International Corporation Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
DaysPayable 26.0226.1023.8625.4126.0526.7627.7228.2022.1024.69
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership

FEEDBACK