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Speedway Motorsports Inc (NYSE:TRK)
Days Payable
20.01 (As of Sep. 2015)

Speedway Motorsports Inc's payable for the three months ended in Sep. 2015 was $17.5 Mil. Speedway Motorsports Inc's cost of goods sold for the three months ended in Sep. 2015 was $79.8 Mil. Hence, Speedway Motorsports Inc's days payable for the three months ended in Sep. 2015 was 20.01.

TRK' s Days Payable Range Over the Past 10 Years
Min: 15.79   Max: 33.64
Current: 25.05

15.79
33.64

During the past 13 years, Speedway Motorsports Inc's highest Days Payable was 33.64. The lowest was 15.79. And the median was 20.80.

TRK's Days Payable is ranked lower than
71% of the 544 Companies
in the Global Leisure industry.

( Industry Median: 45.33 vs. TRK: 25.05 )

Speedway Motorsports Inc's days payable declined from Sep. 2014 (22.57) to Sep. 2015 (20.01). It may suggest that Speedway Motorsports 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.

Speedway Motorsports Inc'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
=11.166/248.963*365
=16.37

Speedway Motorsports Inc's Days Payable for the quarter that ended in Sep. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=17.498/79.805*365 / 4
=20.01

* 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.

Speedway Motorsports Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 27.9033.6429.6826.4816.4721.3120.2816.3415.7916.37

Speedway Motorsports Inc Quarterly Data

Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15
DaysPayable 19.8220.0523.9939.2122.2822.5723.7036.7726.5120.01
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