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Orbit International Corp (OTCPK:ORBT)
Days Payable
21.93 (As of Jun. 2016)

Orbit International Corp's payable for the three months ended in Jun. 2016 was $0.79 Mil. Orbit International Corp's cost of goods sold for the three months ended in Jun. 2016 was $3.27 Mil. Hence, Orbit International Corp's days payable for the three months ended in Jun. 2016 was 21.93.

Orbit International Corp's days payable increased from Dec. 2014 (16.13) to Jun. 2016 (21.93). It may suggest that Orbit International Corp delayed 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.

Orbit International Corp's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=0.608/12.464*365
=17.80

Orbit International Corp's Days Payable for the quarter that ended in Jun. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=0.785/3.266*365 / 4
=21.93

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Orbit International Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 26.4534.4634.6225.0616.7816.4815.2112.0114.6317.80

Orbit International Corp Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Jun15Sep15Dec15Jun16
DaysPayable 13.9212.1915.1415.110.0016.130.0016.7317.2321.93
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