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National Grid PLC (NYSE:NGG)
Days Payable
30.72 (As of Mar. 2014)

National Grid PLC's payable for the six months ended in Mar. 2014 was $4,573 Mil. National Grid PLC's revenue for the six months ended in Mar. 2014 was $13,548 Mil. Hence, National Grid PLC's days payable for the six months ended in Mar. 2014 was 30.72.

National Grid PLC's days payable declined from Mar. 2013 (36.07) to Mar. 2014 (30.72). It may suggest that National Grid PLC 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.

National Grid PLC's Days Payable for the fiscal year that ended in Mar. 2014 is calculated as

Days Payable=Payable/Revenue*Days in Period
=4572.86432161/24805.6951424*365
=67.29

National Grid PLC's Days Payable for the quarter that ended in Mar. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=4572.86432161/13547.7386935*91
=30.72

* 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.

National Grid PLC Annual Data

Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14
DaysPayable 0.0099.8280.1377.4365.9659.6071.9780.9683.4367.29

National Grid PLC Semi-Annual Data

Sep09Mar10Sep10Mar11Sep11Mar12Sep12Mar13Sep13Mar14
DaysPayable 34.5926.1834.2732.5537.0737.1033.2236.0733.2830.72
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