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Toll Brothers Inc (NYSE:TOL)
Days Payable
19.35 (As of Oct. 2014)

Toll Brothers Inc's payable for the three months ended in Oct. 2014 was $225 Mil. Toll Brothers Inc's cost of goods sold for the three months ended in Oct. 2014 was $1,063 Mil. Hence, Toll Brothers Inc's days payable for the three months ended in Oct. 2014 was 19.35.

Toll Brothers Inc's days payable increased from Oct. 2013 (18.62) to Oct. 2014 (19.35). 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. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=225.347/3081.837*365
=26.69

Toll Brothers Inc's Days Payable for the quarter that ended in Oct. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=225.347/1062.575*365 / 4
=19.35

* 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

Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14
DaysPayable 23.8524.2221.4916.2114.8024.2128.0323.8028.7126.69

Toll Brothers Inc Quarterly Data

Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14
DaysPayable 21.7018.0329.2232.5025.6418.6229.5227.1525.3219.35
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