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Oil-Dri Corp of America (NYSE:ODC)
Days Payable
9.77 (As of Oct. 2014)

Oil-Dri Corp of America's payable for the three months ended in Oct. 2014 was $5.6 Mil. Oil-Dri Corp of America's cost of goods sold for the three months ended in Oct. 2014 was $52.3 Mil. Hence, Oil-Dri Corp of America's days payable for the three months ended in Oct. 2014 was 9.77.

Oil-Dri Corp of America's days payable declined from Oct. 2013 (13.40) to Oct. 2014 (9.77). It may suggest that Oil-Dri Corp of America 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.

Oil-Dri Corp of America's Days Payable for the fiscal year that ended in Jul. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=7.352/206.663*365
=12.98

Oil-Dri Corp of America's Days Payable for the quarter that ended in Oct. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=5.599/52.275*365 / 4
=9.77

* 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.

Oil-Dri Corp of America Annual Data

Jul05Jul06Jul07Jul08Jul09Jul10Jul11Jul12Jul13Jul14
DaysPayable 12.9416.5913.5614.6810.3613.9713.1513.4612.8512.98

Oil-Dri Corp of America Quarterly Data

Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14
DaysPayable 13.4213.5312.5613.0212.3813.4013.4012.1112.509.77
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