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MOD-PAC Corporation (NAS:MPAC)
Days Accounts Payable
15.25 (As of Jun. 2013)

MOD-PAC Corporation's accounts payable for the three months ended in Jun. 2013 was $1.98 Mil. MOD-PAC Corporation's cost of goods sold for the three months ended in Jun. 2013 was $11.86 Mil. Hence, MOD-PAC Corporation's days accounts payable for the three months ended in Jun. 2013 was 15.25.

MOD-PAC Corporation's days accounts payable declined from Jun. 2012 (19.57) to Jun. 2013 (15.25). It may suggest that MOD-PAC Corporation accelerated paying its suppliers.


Definition

Days Accounts Payable indicates the number of days that the accounts payable relative to cost of goods sold the company has. An increase of Days Accounts Payable may suggest that the company delays paying its suppliers.

MOD-PAC Corporation's Days Accounts Payable for the fiscal year that ended in Dec. 2012 is calculated as

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=1.884/48.554*365
=14.16

MOD-PAC Corporation's Days Accounts Payable for the quarter that ended in Jun. 2013 is calculated as:

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=1.983/11.864*365 / 4
=15.25

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Accounts Payable, COGS


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

MOD-PAC Corporation Annual Data

Dec03Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12
Days Accts Payable 24.4325.3629.6433.4624.3127.8922.5711.8917.0914.16

MOD-PAC Corporation Quarterly Data

Mar11Jun11Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13
Days Accts Payable 22.5113.6417.7916.2816.6619.5714.5013.4816.0615.25
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