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Nicholas Financial Inc (NAS:NICK)
Days Payable
6.89 (As of Dec. 2013)

Nicholas Financial Inc's payable for the three months ended in Dec. 2013 was $1.57 Mil. Nicholas Financial Inc's revenue for the three months ended in Dec. 2013 was $20.76 Mil. Hence, Nicholas Financial Inc's days payable for the three months ended in Dec. 2013 was 6.89.

Nicholas Financial Inc's days payable declined from Dec. 2012 (7.74) to Dec. 2013 (6.89). It may suggest that Nicholas Financial 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.

Nicholas Financial Inc's Days Payable for the fiscal year that ended in Mar. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=2.096/82.11*365
=9.32

Nicholas Financial Inc's Days Payable for the quarter that ended in Dec. 2013 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=1.571/20.761*91
=6.89

* 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.

Nicholas Financial Inc Annual Data

Mar04Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13
DaysPayable 0.0016.8310.0111.8610.448.128.8012.287.269.32

Nicholas Financial Inc Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
DaysPayable 11,532.187.684.9420.456.887.749.3619.229.206.89
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