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Westlake Chemical Corp (NYSE:WLK)
Days Payable
20.01 (As of Jun. 2014)

Westlake Chemical Corp's payable for the three months ended in Jun. 2014 was $220 Mil. Westlake Chemical Corp's revenue for the three months ended in Jun. 2014 was $999 Mil. Hence, Westlake Chemical Corp's days payable for the three months ended in Jun. 2014 was 20.01.

Westlake Chemical Corp's days payable declined from Jun. 2013 (23.94) to Jun. 2014 (20.01). It may suggest that Westlake Chemical Corp 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.

Westlake Chemical Corp's Days Payable for the fiscal year that ended in Dec. 2012 is calculated as

Days Payable=Payable/Revenue*Days in Period
=217.05/3571.041*365
=22.18

Westlake Chemical Corp's Days Payable for the quarter that ended in Jun. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=219.6/998.576*91
=20.01

* 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.

Westlake Chemical Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 27.0129.8735.1036.0111.1528.1123.5622.8922.1824.23

Westlake Chemical Corp Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
DaysPayable 17.3620.7422.1024.6624.4223.9423.3923.8718.7720.01
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