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Meredith Corp (NYSE:MDP)
Days Payable
52.81 (As of Jun. 2015)

Meredith Corp's payable for the three months ended in Jun. 2015 was $94 Mil. Meredith Corp's cost of goods sold for the three months ended in Jun. 2015 was $162 Mil. Hence, Meredith Corp's days payable for the three months ended in Jun. 2015 was 52.81.

Meredith Corp's days payable increased from Jun. 2014 (49.76) to Jun. 2015 (52.81). It may suggest that Meredith Corp 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.

Meredith Corp's Days Payable for the fiscal year that ended in Jun. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=93.944/598.941*365
=57.25

Meredith Corp's Days Payable for the quarter that ended in Jun. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=93.944/162.323*365 / 4
=52.81

* 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.

Meredith Corp Annual Data

Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15
DaysPayable 44.4443.0842.8248.7669.7954.5948.6051.0452.4057.25

Meredith Corp Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
DaysPayable 37.8049.4740.2239.9938.1549.7649.7049.6449.4352.81
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