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Primus Guaranty Ltd. (OTCPK:PRSG)
Days Payable
1.75 (As of Dec. 2011)

Primus Guaranty Ltd.'s payable for the three months ended in Dec. 2011 was $2.0 Mil. Primus Guaranty Ltd.'s revenue for the three months ended in Dec. 2011 was $103.2 Mil. Hence, Primus Guaranty Ltd.'s days payable for the three months ended in Dec. 2011 was 1.75.

Primus Guaranty Ltd.'s days payable declined from Dec. 2010 (2.14) to Dec. 2011 (1.75). It may suggest that Primus Guaranty Ltd. 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.

Primus Guaranty Ltd.'s Days Payable for the fiscal year that ended in Dec. 2011 is calculated as

Days Payable=Payable/Revenue*Days in Period
=0/-24.48*365
=

Primus Guaranty Ltd.'s Days Payable for the quarter that ended in Dec. 2011 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=1.985/103.167*91
=1.75

* 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.

Primus Guaranty Ltd. Annual Data

Dec02Dec03Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11
DaysPayable 114.2722.8948.7885.631.5458.640.006.964.380.00

Primus Guaranty Ltd. Quarterly Data

Sep09Dec09Mar10Jun10Sep10Dec10Mar11Jun11Sep11Dec11
DaysPayable 4.098.565.200.001.582.142.993.690.001.75
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