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Stewart Enterprises, Inc. (NAS:STEI)
Days Payable
1.31 (As of Oct. 2013)

Stewart Enterprises, Inc.'s payable for the three months ended in Oct. 2013 was $1.8 Mil. Stewart Enterprises, Inc.'s revenue for the three months ended in Oct. 2013 was $127.5 Mil. Hence, Stewart Enterprises, Inc.'s days payable for the three months ended in Oct. 2013 was 1.31.

Stewart Enterprises, Inc.'s days payable increased from Oct. 2012 (0.71) to Oct. 2013 (1.31). It may suggest that Stewart Enterprises, Inc. 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.

Stewart Enterprises, Inc.'s Days Payable for the fiscal year that ended in Oct. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=1.837/524.057*365
=1.28

Stewart Enterprises, Inc.'s Days Payable for the quarter that ended in Oct. 2013 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=1.837/127.461*91
=1.31

* 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.

Stewart Enterprises, Inc. Annual Data

Oct04Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13
DaysPayable 6.718.0313.7518.5719.181.521.850.840.711.28

Stewart Enterprises, Inc. Quarterly Data

Jul11Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13
DaysPayable 1.280.831.140.902.870.711.071.210.741.31
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