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Steelcase Inc (NYSE:SCS)
Days Payable
40.92 (As of Aug. 2014)

Steelcase Inc's payable for the three months ended in Aug. 2014 was $243 Mil. Steelcase Inc's cost of goods sold for the three months ended in Aug. 2014 was $542 Mil. Hence, Steelcase Inc's days payable for the three months ended in Aug. 2014 was 40.92.

Steelcase Inc's days payable increased from Aug. 2013 (40.37) to Aug. 2014 (40.92). It may suggest that Steelcase 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.

Steelcase 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
=212.5/2043.7*365
=37.95

Steelcase Inc's Days Payable for the quarter that ended in Aug. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=243.2/542.3*365 / 4
=40.92

* 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.

Steelcase Inc Annual Data

Feb05Feb06Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14
DaysPayable 34.3734.2237.7038.8028.5735.3941.3936.0036.2037.95

Steelcase Inc Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
DaysPayable 40.0339.8940.5735.8642.2740.3739.6536.5240.6440.92
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