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Spartech Corporation (NYSE:SEH)
Days Payable
45.04 (As of Oct. 2012)

Spartech Corporation's payable for the three months ended in Oct. 2012 was $142 Mil. Spartech Corporation's revenue for the three months ended in Oct. 2012 was $287 Mil. Hence, Spartech Corporation's days payable for the three months ended in Oct. 2012 was 45.04.

Spartech Corporation's days payable increased from Oct. 2011 (43.64) to Oct. 2012 (45.04). It may suggest that Spartech Corporation 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.

Spartech Corporation's Days Payable for the fiscal year that ended in Oct. 2012 is calculated as

Days Payable=Payable/Revenue*Days in Period
=141.937/1149.355*365
=45.07

Spartech Corporation's Days Payable for the quarter that ended in Oct. 2012 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=141.937/286.804*91
=45.04

* 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.

Spartech Corporation Annual Data

Oct03Oct04Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12
DaysPayable 37.2537.8731.8036.7442.1640.6040.7646.0446.5745.07

Spartech Corporation Quarterly Data

Jul10Oct10Jan11Apr11Jul11Oct11Jan12Apr12Jul12Oct12
DaysPayable 46.3845.2446.2544.3643.5643.6440.5345.1743.2445.04
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