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Mitcham Industries Inc (NAS:MIND)
Days Payable
30.68 (As of Jul. 2014)

Mitcham Industries Inc's payable for the three months ended in Jul. 2014 was $6.59 Mil. Mitcham Industries Inc's revenue for the three months ended in Jul. 2014 was $19.55 Mil. Hence, Mitcham Industries Inc's days payable for the three months ended in Jul. 2014 was 30.68.

Mitcham Industries Inc's days payable increased from Jul. 2013 (19.32) to Jul. 2014 (30.68). It may suggest that Mitcham Industries 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.

Mitcham Industries Inc's Days Payable for the fiscal year that ended in Jan. 2014 is calculated as

Days Payable=Payable/Revenue*Days in Period
=10.745/92.108*365
=42.58

Mitcham Industries Inc's Days Payable for the quarter that ended in Jul. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=6.59/19.545*91
=30.68

* 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.

Mitcham Industries Inc Annual Data

Jan05Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14
DaysPayable 67.7346.81121.9679.9074.0851.8333.1450.0024.1342.58

Mitcham Industries Inc Quarterly Data

Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14
DaysPayable 22.5612.7819.4822.1812.0019.3238.0141.3510.7730.68
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