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Spectranetics Corp (NAS:SPNC)
Days Payable
23.71 (As of Dec. 2014)

Spectranetics Corp's payable for the three months ended in Dec. 2014 was $4.4 Mil. Spectranetics Corp's cost of goods sold for the three months ended in Dec. 2014 was $16.9 Mil. Hence, Spectranetics Corp's days payable for the three months ended in Dec. 2014 was 23.71.

Spectranetics Corp's days payable increased from Dec. 2013 (22.79) to Dec. 2014 (23.71). It may suggest that Spectranetics 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.

Spectranetics Corp's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=4.397/53.459*365
=30.02

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=4.397/16.919*365 / 4
=23.71

* 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.

Spectranetics Corp Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 44.54241.5230.8714.3116.6814.9315.5419.2122.8330.02

Spectranetics Corp Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
DaysPayable 13.2618.5615.7117.1617.0522.7919.2840.2925.7623.71
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