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Toro Co (NYSE:TTC)
Days Payable
39.43 (As of Jul. 2015)

Toro Co's payable for the three months ended in Jul. 2015 was $170 Mil. Toro Co's cost of goods sold for the three months ended in Jul. 2015 was $393 Mil. Hence, Toro Co's days payable for the three months ended in Jul. 2015 was 39.43.

Toro Co's days payable declined from Jul. 2014 (42.19) to Jul. 2015 (39.43). It may suggest that Toro Co 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.

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=136.158/1316.634*365
=37.75

Toro Co's Days Payable for the quarter that ended in Jul. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=169.927/393.225*365 / 4
=39.43

* 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 Co Annual Data

Oct04Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13
DaysPayable 30.0227.5827.4427.7027.7032.8341.0034.5435.4337.75

Toro Co Quarterly Data

Apr13Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15
DaysPayable 41.1134.1648.9762.2644.8142.1941.8458.4742.9939.43
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