Switch to:
Sonic Corp (NAS:SONC)
Days Payable
17.14 (As of Feb. 2016)

Sonic Corp's payable for the three months ended in Feb. 2016 was $15.3 Mil. Sonic Corp's cost of goods sold for the three months ended in Feb. 2016 was $81.7 Mil. Hence, Sonic Corp's days payable for the three months ended in Feb. 2016 was 17.14.

SONC' s Days Payable Range Over the Past 10 Years
Min: 11.44   Max: 31.95
Current: 12.99

11.44
31.95

During the past 13 years, Sonic Corp's highest Days Payable was 31.95. The lowest was 11.44. And the median was 13.87.

SONC's Days Payable is ranked lower than
85% of the 235 Companies
in the Global Restaurants industry.

( Industry Median: 41.94 vs. SONC: 12.99 )

Sonic Corp's days payable increased from Feb. 2015 (14.61) to Feb. 2016 (17.14). It may suggest that Sonic Corp 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.

Sonic Corp's Days Payable for the fiscal year that ended in Aug. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=13.86/363.938*365
=13.90

Sonic Corp's Days Payable for the quarter that ended in Feb. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=15.337/81.672*365 / 4
=17.14

* 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.

Sonic Corp Annual Data

Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14Aug15
DaysPayable 31.9518.7013.8313.0512.1211.4411.6113.9318.3613.90

Sonic Corp Quarterly Data

Nov13Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16
DaysPayable 11.3514.7519.699.8416.1414.6121.597.5820.0317.14
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK