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Toro Company (NYSE:TTC)
Days Payable
39.32 (As of Jan. 2014)

Toro Company's payable for the three months ended in Jan. 2014 was $193 Mil. Toro Company's revenue for the three months ended in Jan. 2014 was $446 Mil. Hence, Toro Company's days payable for the three months ended in Jan. 2014 was 39.32.

Toro Company's days payable increased from Jan. 2013 (34.45) to Jan. 2014 (39.32). It may suggest that Toro Company 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.

Toro Company's Days Payable for the fiscal year that ended in Oct. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=138.096/2041.431*365
=24.69

Toro Company's Days Payable for the quarter that ended in Jan. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=192.727/445.981*91
=39.32

* 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.

Toro Company Annual Data

Oct04Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13
DaysPayable 19.2517.8417.8317.6918.0721.8228.6723.3523.4724.69

Toro Company Quarterly Data

Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14
DaysPayable 29.8032.6025.8422.4233.7934.4526.3122.1732.8739.32
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