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Titanium Metals Corporation (NYSE:TIE)
Days Payable
31.18 (As of Sep. 2012)

Titanium Metals Corporation's payable for the six months ended in Sep. 2012 was $88 Mil. Titanium Metals Corporation's revenue for the six months ended in Sep. 2012 was $258 Mil. Hence, Titanium Metals Corporation's days payable for the six months ended in Sep. 2012 was 31.18.

Titanium Metals Corporation's days payable declined from Mar. 2012 (35.45) to Sep. 2012 (31.18). It may suggest that Titanium Metals Corporation 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.

Titanium Metals Corporation's Days Payable for the fiscal year that ended in Dec. 2011 is calculated as

Days Payable=Payable/Revenue*Days in Period
=94.2/1045.2*365
=32.90

Titanium Metals Corporation's Days Payable for the quarter that ended in Sep. 2012 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=88.3/257.7*91
=31.18

* 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.

Titanium Metals Corporation Annual Data

Dec02Dec03Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11
DaysPayable 26.3527.6632.1229.9227.1020.7218.5414.6223.3832.90

Titanium Metals Corporation Semi-Annual Data

Jun10Sep10Dec10Mar11Jun11Sep11Dec11Mar12Jun12Sep12
DaysPayable 17.0821.7722.9930.6625.3326.7333.1535.4529.4031.18
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