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Sutor Technology Group Ltd (NAS:SUTR)
Days Payable
222.98 (As of Mar. 2014)

Sutor Technology Group Ltd's payable for the three months ended in Mar. 2014 was $236.2 Mil. Sutor Technology Group Ltd's revenue for the three months ended in Mar. 2014 was $96.4 Mil. Hence, Sutor Technology Group Ltd's days payable for the three months ended in Mar. 2014 was 222.98.

Sutor Technology Group Ltd's days payable increased from Mar. 2013 (52.90) to Mar. 2014 (222.98). It may suggest that Sutor Technology Group Ltd 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.

Sutor Technology Group Ltd's Days Payable for the fiscal year that ended in Jun. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=102.764/612.075*365
=61.28

Sutor Technology Group Ltd's Days Payable for the quarter that ended in Mar. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=236.162/96.378*91
=222.98

* 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.

Sutor Technology Group Ltd Annual Data

Dec04Dec05Dec06Jun07Jun08Jun09Jun10Jun11Jun12Jun13
DaysPayable 0.000.000.004.715.2450.2218.5347.5839.1961.28

Sutor Technology Group Ltd Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
DaysPayable 99.3792.1128.2942.1939.9452.9047.3672.2092.28222.98
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