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Poseidon Concepts Corp (TSX:PSN)
Days Payable
31.00 (As of Sep. 2012)

Poseidon Concepts Corp's payable for the three months ended in Sep. 2012 was C$14.01 Mil. Poseidon Concepts Corp's revenue for the three months ended in Sep. 2012 was C$41.12 Mil. Hence, Poseidon Concepts Corp's days payable for the three months ended in Sep. 2012 was 31.00.

Poseidon Concepts Corp's days payable increased from Sep. 2011 (0.00) to Sep. 2012 (31.00). It may suggest that Poseidon Concepts Corp 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.

Poseidon Concepts Corp's Days Payable for the fiscal year that ended in Dec. 2011 is calculated as

Days Payable=Payable/Revenue*Days in Period
=43.348/78.767*365
=200.87

Poseidon Concepts Corp's Days Payable for the quarter that ended in Sep. 2012 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=14.005/41.116*91
=31.00

* 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.

Poseidon Concepts Corp Annual Data

Dec07Dec08Dec09Dec10Dec11
DaysPayable 0.000.000.000.000.000.000.000.000.00200.87

Poseidon Concepts Corp Quarterly Data

Jun10Sep10Dec10Mar11Jun11Sep11Dec11Mar12Jun12Sep12
DaysPayable 0.000.000.000.000.000.00116.6212.7423.0531.00
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