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

MOD-PAC Corporation's 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 payable for the three months ended in Jun. 2013 was 15.25.

MOD-PAC Corporation's days 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 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.

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1.884/48.554*365
=14.16

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

Days Payable=Payable/Cost of Goods Sold*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

Revenue


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
DaysPayable 24.4325.3629.6433.4624.3127.8922.5711.8917.0914.16

MOD-PAC Corporation Quarterly Data

Mar11Jun11Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13
DaysPayable 22.5113.6417.7916.2816.6619.5714.5013.4816.0615.25
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK