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Douglas Dynamics Inc's accounts payable for the three months ended in Sep. 2014 was $5.0 Mil. Douglas Dynamics Inc's cost of goods sold for the three months ended in Sep. 2014 was $49.7 Mil. Hence, Douglas Dynamics Inc's days accounts payable for the three months ended in Sep. 2014 was 9.11.
Douglas Dynamics Inc's days accounts payable declined from Sep. 2013 (9.33) to Sep. 2014 (9.11). It may suggest that Douglas Dynamics Inc accelerated paying its suppliers.
Days Accounts Payable indicates the number of days that the accounts payable relative to cost of goods sold the company has. An increase of Days Accounts Payable may suggest that the company delays paying its suppliers.
Douglas Dynamics Inc's Days Accounts Payable for the fiscal year that ended in Dec. 2013 is calculated as
Douglas Dynamics Inc's Days Accounts Payable for the quarter that ended in Sep. 2014 is calculated as:
Douglas Dynamics Inc Annual Data
|Days Accts Payable||0.00||0.00||0.00||17.33||15.33||16.09||8.92||13.43||20.40||21.87|
Douglas Dynamics Inc Quarterly Data
|Days Accts Payable||9.70||7.32||23.69||23.44||9.31||9.33||15.43||20.27||9.28||9.11|