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University Bancorp, Inc. (OTCPK:UNIB)
Days Payable
15.04 (As of Sep. 2008)

University Bancorp, Inc.'s payable for the three months ended in Sep. 2008 was $0.57 Mil. University Bancorp, Inc.'s revenue for the three months ended in Sep. 2008 was $3.44 Mil. Hence, University Bancorp, Inc.'s days payable for the three months ended in Sep. 2008 was 15.04.

University Bancorp, Inc.'s days payable declined from Sep. 2007 (15.70) to Sep. 2008 (15.04). It may suggest that University Bancorp, 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.

University Bancorp, Inc.'s Days Payable for the fiscal year that ended in Dec. 2007 is calculated as

Days Payable=Payable/Revenue*Days in Period
=0/0*365
=

University Bancorp, Inc.'s Days Payable for the quarter that ended in Sep. 2008 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=0.569/3.442*91
=15.04

* 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.

University Bancorp, Inc. Annual Data

Dec98Dec99Dec00Dec01Dec02Dec03Dec04Dec05Dec06Dec07
DaysPayable 685.7620.28138.3621.7912.6213.487.2617.602.980.00

University Bancorp, Inc. Quarterly Data

Jun06Sep06Dec06Mar07Jun07Sep07Dec07Mar08Jun08Sep08
DaysPayable 32.0035.002.659.390.6715.700.0018.799.7915.04
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