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

Sutor Technology Group Ltd's accounts payable for the three months ended in Mar. 2014 was $146.9 Mil. Sutor Technology Group Ltd's cost of goods sold for the three months ended in Mar. 2014 was $89.1 Mil. Hence, Sutor Technology Group Ltd's days accounts payable for the three months ended in Mar. 2014 was 150.49.

Sutor Technology Group Ltd's days accounts payable increased from Mar. 2013 (47.98) to Mar. 2014 (150.49). It may suggest that Sutor Technology Group Ltd delayed paying its suppliers.


Definition

Days Accounts Payable indicates the number of days that the accounts payable relative to cost of goods sold the company has. An increase of Days Accounts Payable may suggest that the company delays paying its suppliers.

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

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=82.602/567.14*365
=53.16

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

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=146.867/89.055*365 / 4
=150.49

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Accounts Payable, COGS


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
Days Accts Payable 0.000.000.005.245.8714.3419.6151.9442.5353.16

Sutor Technology Group Ltd Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
Days Accts Payable 110.2999.4830.4345.6332.1547.9840.9167.99103.52150.49
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