Switch to:
Sonic Corp (NAS:SONC)
Days Payable
21.59 (As of May. 2015)

Sonic Corp's payable for the three months ended in May. 2015 was $17.4 Mil. Sonic Corp's cost of goods sold for the three months ended in May. 2015 was $73.6 Mil. Hence, Sonic Corp's days payable for the three months ended in May. 2015 was 21.59.

Sonic Corp's days payable increased from May. 2014 (19.69) to May. 2015 (21.59). 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. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=17.207/342.109*365
=18.36

Sonic Corp's Days Payable for the quarter that ended in May. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=17.422/73.625*365 / 4
=21.59

* 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

Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14
DaysPayable 21.3918.2618.7013.8313.4812.1211.4111.6113.9318.36

Sonic Corp Quarterly Data

Feb13May13Aug13Nov13Feb14May14Aug14Nov14Feb15May15
DaysPayable 15.4413.2412.2911.3514.7519.699.8416.1414.6121.59
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)

GuruFocus Premium Plus Membership

FEEDBACK