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TRC Companies Inc (NYSE:TRR)
Days Payable
29.72 (As of Mar. 2015)

TRC Companies Inc's payable for the three months ended in Mar. 2015 was $27.2 Mil. TRC Companies Inc's cost of goods sold for the three months ended in Mar. 2015 was $83.5 Mil. Hence, TRC Companies Inc's days payable for the three months ended in Mar. 2015 was 29.72.

TRC Companies Inc's days payable declined from Mar. 2014 (33.40) to Mar. 2015 (29.72). It may suggest that TRC Companies 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.

TRC Companies Inc's Days Payable for the fiscal year that ended in Jun. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=32.663/312.108*365
=38.20

TRC Companies Inc's Days Payable for the quarter that ended in Mar. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=27.188/83.486*365 / 4
=29.72

* 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.

TRC Companies Inc Annual Data

Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14
DaysPayable 65.1366.1986.8683.8639.7664.4347.8445.4843.8238.20

TRC Companies Inc Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
DaysPayable 37.3338.1742.1231.9430.7533.4038.6134.4239.8829.72
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