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Meredith Corp (NYSE:MDP)
Days Payable
49.70 (As of Sep. 2014)

Meredith Corp's payable for the three months ended in Sep. 2014 was $77 Mil. Meredith Corp's cost of goods sold for the three months ended in Sep. 2014 was $142 Mil. Hence, Meredith Corp's days payable for the three months ended in Sep. 2014 was 49.70.

Meredith Corp's days payable increased from Sep. 2013 (40.22) to Sep. 2014 (49.70). 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. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=81.402/567.024*365
=52.40

Meredith Corp's Days Payable for the quarter that ended in Sep. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=77.285/141.887*365 / 4
=49.70

* 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

Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14
DaysPayable 33.7844.4443.0842.8248.7669.7954.5948.6051.0452.40

Meredith Corp Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
DaysPayable 45.6333.0632.6937.8049.4740.2239.9938.1549.7649.70
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