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Zoltek Companies, Inc. (NAS:ZOLT)
Days Payable
27.69 (As of Dec. 2013)

Zoltek Companies, Inc.'s payable for the three months ended in Dec. 2013 was $9.1 Mil. Zoltek Companies, Inc.'s cost of goods sold for the three months ended in Dec. 2013 was $29.8 Mil. Hence, Zoltek Companies, Inc.'s days payable for the three months ended in Dec. 2013 was 27.69.

Zoltek Companies, Inc.'s days payable declined from Dec. 2012 (38.26) to Dec. 2013 (27.69). It may suggest that Zoltek Companies, 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.

Zoltek Companies, Inc.'s Days Payable for the fiscal year that ended in Sep. 2013 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=6.27/110.621*365
=20.69

Zoltek Companies, Inc.'s Days Payable for the quarter that ended in Dec. 2013 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=9.054/29.842*365 / 4
=27.69

* 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.

Zoltek Companies, Inc. Annual Data

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
DaysPayable 166.0791.7062.2442.0840.9931.7728.0937.1732.3620.69

Zoltek Companies, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
DaysPayable 34.1934.2232.4527.6133.5038.2627.1719.3717.1127.69
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