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Toll Brothers Inc (NYSE:TOL)
Days Payable
26.87 (As of Jul. 2015)

Toll Brothers Inc's payable for the three months ended in Jul. 2015 was $243 Mil. Toll Brothers Inc's cost of goods sold for the three months ended in Jul. 2015 was $824 Mil. Hence, Toll Brothers Inc's days payable for the three months ended in Jul. 2015 was 26.87.

TOL' s Days Payable Range Over the Past 10 Years
Min: 14.8   Max: 28.71
Current: 26.45

14.8
28.71

During the past 13 years, Toll Brothers Inc's highest Days Payable was 28.71. The lowest was 14.80. And the median was 24.22.

TOL's Days Payable is ranked lower than
69% of the 613 Companies
in the Global Residential Construction industry.

( Industry Median: 41.34 vs. TOL: 26.45 )

Toll Brothers Inc's days payable increased from Jul. 2014 (25.32) to Jul. 2015 (26.87). It may suggest that Toll Brothers Inc 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.

Toll Brothers Inc's Days Payable for the fiscal year that ended in Oct. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=236.953/3269.27*365
=26.45

Toll Brothers Inc's Days Payable for the quarter that ended in Jul. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=242.77/824.394*365 / 4
=26.87

* 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.

Toll Brothers Inc Annual Data

Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14Oct15
DaysPayable 24.2221.0015.7814.8024.2128.0323.8028.7126.6926.45

Toll Brothers Inc Quarterly Data

Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15
DaysPayable 25.6418.6229.5227.1525.3219.3531.1731.4326.8719.37
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