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Quality Systems, Inc. (NAS:QSII)
Days Payable
12.94 (As of Dec. 2013)

Quality Systems, Inc.'s payable for the three months ended in Dec. 2013 was $15.5 Mil. Quality Systems, Inc.'s revenue for the three months ended in Dec. 2013 was $108.9 Mil. Hence, Quality Systems, Inc.'s days payable for the three months ended in Dec. 2013 was 12.94.

Quality Systems, Inc.'s days payable increased from Dec. 2012 (5.22) to Dec. 2013 (12.94). It may suggest that Quality Systems, 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.

Quality Systems, Inc.'s Days Payable for the fiscal year that ended in Mar. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=24.729/460.229*365
=19.61

Quality Systems, Inc.'s Days Payable for the quarter that ended in Dec. 2013 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=15.484/108.854*91
=12.94

* 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.

Quality Systems, Inc. Annual Data

Mar04Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13
DaysPayable 8.529.378.9812.1825.6120.2616.2422.2813.5319.61

Quality Systems, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
DaysPayable 15.1614.8413.3022.1116.625.2220.2220.3816.7712.94
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