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Veeco Instruments Inc (NAS:VECO)
Days Payable
26.50 (As of Sep. 2015)

Veeco Instruments Inc's payable for the three months ended in Sep. 2015 was $25.1 Mil. Veeco Instruments Inc's cost of goods sold for the three months ended in Sep. 2015 was $86.5 Mil. Hence, Veeco Instruments Inc's days payable for the three months ended in Sep. 2015 was 26.50.

VECO' s Days Payable Range Over the Past 10 Years
Min: 24.43   Max: 60
Current: 29.8

24.43
60

During the past 13 years, Veeco Instruments Inc's highest Days Payable was 60.00. The lowest was 24.43. And the median was 44.49.

VECO's Days Payable is ranked lower than
78% of the 756 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 51.88 vs. VECO: 29.80 )

Veeco Instruments Inc's days payable declined from Sep. 2014 (39.20) to Sep. 2015 (26.50). It may suggest that Veeco Instruments 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.

Veeco Instruments Inc's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=18.111/257.991*365
=25.62

Veeco Instruments Inc's Days Payable for the quarter that ended in Sep. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=25.122/86.494*365 / 4
=26.50

* 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.

Veeco Instruments Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 48.3760.0054.5940.6053.1224.4329.2131.6557.0925.62

Veeco Instruments Inc Quarterly Data

Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15
DaysPayable 68.2237.4656.6845.2439.3339.2021.8359.3851.1526.50
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