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Sonic Corp (NAS:SONC)
Days Payable
21.89 (As of Nov. 2016)

Sonic Corp's payable for the three months ended in Nov. 2016 was $18.1 Mil. Sonic Corp's cost of goods sold for the three months ended in Nov. 2016 was $75.3 Mil. Hence, Sonic Corp's days payable for the three months ended in Nov. 2016 was 21.89.

SONC' s Days Payable Range Over the Past 10 Years
Min: 11.41   Max: 19.17
Current: 19.17

11.41
19.17

During the past 13 years, Sonic Corp's highest Days Payable was 19.17. The lowest was 11.41. And the median was 13.87.

SONC's Days Payable is ranked lower than
75% of the 215 Companies
in the Global Restaurants industry.

( Industry Median: 37.00 vs. SONC: 19.17 )

Sonic Corp's days payable increased from Nov. 2015 (20.03) to Nov. 2016 (21.89). 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. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=14.372/356.82*365
=14.70

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=18.062/75.308*365 / 4
=21.89

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Sonic Corp Annual Data

Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14Aug15Aug16
DaysPayable 18.7013.8313.4812.1211.4111.6113.9318.3613.9014.70

Sonic Corp Quarterly Data

Aug14Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16
DaysPayable 9.8416.1414.6116.4612.4920.0317.1417.2714.1821.89
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