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Mitcham Industries Inc (NAS:MIND)
Days Payable
14.12 (As of Jul. 2016)

Mitcham Industries Inc's payable for the three months ended in Jul. 2016 was $1.69 Mil. Mitcham Industries Inc's cost of goods sold for the three months ended in Jul. 2016 was $10.91 Mil. Hence, Mitcham Industries Inc's days payable for the three months ended in Jul. 2016 was 14.12.

MIND' s Days Payable Range Over the Past 10 Years
Min: 14.62   Max: 230.97
Current: 12.46

14.62
230.97

During the past 13 years, Mitcham Industries Inc's highest Days Payable was 230.97. The lowest was 14.62. And the median was 64.60.

MIND's Days Payable is ranked lower than
94% of the 1784 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 54.36 vs. MIND: 12.46 )

Mitcham Industries Inc's days payable declined from Jul. 2015 (15.81) to Jul. 2016 (14.12). It may suggest that Mitcham Industries Inc 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.

Mitcham Industries Inc's Days Payable for the fiscal year that ended in Jan. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=3.543/49.15*365
=26.31

Mitcham Industries Inc's Days Payable for the quarter that ended in Jul. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1.687/10.905*365 / 4
=14.12

* 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

Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16
DaysPayable 230.97150.34144.8763.9342.4786.3937.5565.2614.6226.31

Mitcham Industries Inc Quarterly Data

Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16
DaysPayable 19.1836.8737.2416.5926.6915.8113.5125.9415.8614.12
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