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Sonic Corporation (NAS:SONC)
Days Payable
11.33 (As of Feb. 2014)

Sonic Corporation's payable for the three months ended in Feb. 2014 was $13.7 Mil. Sonic Corporation's revenue for the three months ended in Feb. 2014 was $109.7 Mil. Hence, Sonic Corporation's days payable for the three months ended in Feb. 2014 was 11.33.

Sonic Corporation's days payable declined from Feb. 2013 (12.68) to Feb. 2014 (11.33). It may suggest that Sonic Corporation accelerated 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 Corporation'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 Corporation's Days Payable for the quarter that ended in Feb. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=13.669/109.741*91
=11.33

* 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 Corporation Annual Data

Aug04Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13
DaysPayable 6.668.2712.3411.989.8813.0917.5416.9522.9917.87

Sonic Corporation Quarterly Data

Nov11Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14
DaysPayable 10.6611.179.8020.6413.5912.689.3515.2210.9011.33
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