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Toll Brothers Inc (NYSE:TOL)
Days Payable
29.46 (As of Apr. 2016)

Toll Brothers Inc's payable for the three months ended in Apr. 2016 was $281 Mil. Toll Brothers Inc's cost of goods sold for the three months ended in Apr. 2016 was $871 Mil. Hence, Toll Brothers Inc's days payable for the three months ended in Apr. 2016 was 29.46.

TOL' s Days Payable Range Over the Past 10 Years
Min: 14.8   Max: 28.71
Current: 29.12

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
63% of the 603 Companies
in the Global Residential Construction industry.

( Industry Median: 40.10 vs. TOL: 29.12 )

Toll Brothers Inc's days payable declined from Apr. 2015 (31.43) to Apr. 2016 (29.46). It may suggest that Toll Brothers Inc 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.

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 Apr. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=281.074/870.571*365 / 4
=29.46

* 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 24.2221.4916.2114.8024.2128.0323.8028.7126.6926.45

Toll Brothers Inc Quarterly Data

Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16
DaysPayable 29.5227.1525.3219.3531.1731.4326.8719.3733.8829.46
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