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Steiner Leisure Ltd (NAS:STNR)
Days Payable
10.23 (As of Sep. 2014)

Steiner Leisure Ltd's payable for the three months ended in Sep. 2014 was $19.2 Mil. Steiner Leisure Ltd's cost of goods sold for the three months ended in Sep. 2014 was $171.0 Mil. Hence, Steiner Leisure Ltd's days payable for the three months ended in Sep. 2014 was 10.23.

Steiner Leisure Ltd's days payable declined from Sep. 2013 (10.91) to Sep. 2014 (10.23). It may suggest that Steiner Leisure Ltd 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.

Steiner Leisure Ltd's Days Payable for the fiscal year that ended in Dec. 2012 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=18.134/631.605*365
=10.48

Steiner Leisure Ltd's Days Payable for the quarter that ended in Sep. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=19.169/171.013*365 / 4
=10.23

* 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.

Steiner Leisure Ltd Annual Data

Dec03Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12
DaysPayable 14.347.528.7215.2413.478.1010.869.3610.0010.48

Steiner Leisure Ltd Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
DaysPayable 8.9511.4610.1011.1312.5110.9112.328.6711.2410.23
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