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Red Hat Inc (NYSE:RHT)
Days Payable
40.31 (As of Feb. 2015)

Red Hat Inc's payable for the three months ended in Feb. 2015 was $31 Mil. Red Hat Inc's cost of goods sold for the three months ended in Feb. 2015 was $70 Mil. Hence, Red Hat Inc's days payable for the three months ended in Feb. 2015 was 40.31.

Red Hat Inc's days payable increased from Feb. 2014 (27.62) to Feb. 2015 (40.31). It may suggest that Red Hat 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.

Red Hat Inc's Days Payable for the fiscal year that ended in Feb. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=31.017/273.199*365
=41.44

Red Hat Inc's Days Payable for the quarter that ended in Feb. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=31.017/70.217*365 / 4
=40.31

* 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.

Red Hat Inc Annual Data

Feb06Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15
DaysPayable 42.3468.0178.4832.9352.8539.5562.65119.5328.7641.44

Red Hat Inc Quarterly Data

Feb13May13Aug13Nov13Feb14May14Aug14Nov14Feb15May15
DaysPayable 111.820.000.000.0027.620.000.000.0040.310.00
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