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Pier 1 Imports Inc (NYSE:PIR)
Days Payable
38.95 (As of Nov. 2014)

Pier 1 Imports Inc's payable for the three months ended in Nov. 2014 was $119 Mil. Pier 1 Imports Inc's cost of goods sold for the three months ended in Nov. 2014 was $280 Mil. Hence, Pier 1 Imports Inc's days payable for the three months ended in Nov. 2014 was 38.95.

Pier 1 Imports Inc's days payable increased from Nov. 2013 (36.45) to Nov. 2014 (38.95). It may suggest that Pier 1 Imports Inc 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.

Pier 1 Imports Inc's Days Payable for the fiscal year that ended in Feb. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=84.238/1026.18*365
=29.96

Pier 1 Imports Inc's Days Payable for the quarter that ended in Nov. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=119.336/279.588*365 / 4
=38.95

* 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.

Pier 1 Imports Inc Annual Data

Feb05Feb06Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14
DaysPayable 35.1932.9030.3736.1130.7728.0524.9226.4022.2829.96

Pier 1 Imports Inc Quarterly Data

Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14Nov14
DaysPayable 38.6128.3118.0643.7640.1336.4525.5148.4641.2938.95
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