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Sonic Corp (NAS:SONC)
Days Payable
10.32 (As of May. 2014)

Sonic Corp's payable for the three months ended in May. 2014 was $17.3 Mil. Sonic Corp's revenue for the three months ended in May. 2014 was $152.2 Mil. Hence, Sonic Corp's days payable for the three months ended in May. 2014 was 10.32.

Sonic Corp's days payable increased from May. 2013 (9.35) to May. 2014 (10.32). 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. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=26.56/542.585*365
=17.87

Sonic Corp's Days Payable for the quarter that ended in May. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=17.251/152.187*91
=10.32

* 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

Aug04Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13
DaysPayable 6.668.2712.3411.989.8813.0917.5416.9522.9917.87

Sonic Corp Quarterly Data

Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14
DaysPayable 11.179.8020.6413.5912.689.3515.2210.9011.3310.32
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