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Tesco Corp (NAS:TESO)
Days Payable
25.79 (As of Sep. 2015)

Tesco Corp's payable for the three months ended in Sep. 2015 was $18.6 Mil. Tesco Corp's cost of goods sold for the three months ended in Sep. 2015 was $65.7 Mil. Hence, Tesco Corp's days payable for the three months ended in Sep. 2015 was 25.79.

TESO' s Days Payable Range Over the Past 10 Years
Min: 18.23   Max: 51.77
Current: 19.89

18.23
51.77

During the past 13 years, Tesco Corp's highest Days Payable was 51.77. The lowest was 18.23. And the median was 36.30.

TESO's Days Payable is ranked lower than
85% of the 165 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 49.33 vs. TESO: 19.89 )

Tesco Corp's days payable declined from Sep. 2014 (30.20) to Sep. 2015 (25.79). It may suggest that Tesco Corp 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.

Tesco 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
=36.053/433.638*365
=30.35

Tesco Corp's Days Payable for the quarter that ended in Sep. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=18.562/65.674*365 / 4
=25.79

* 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.

Tesco Corp Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 51.7735.8850.7235.5418.2328.2651.2936.7239.9230.35

Tesco Corp Quarterly Data

Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15
DaysPayable 39.5635.2237.5448.4637.6730.2028.6530.9026.1125.79
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