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GuruFocus has detected 2 Warning Signs with Array BioPharma Inc $ARRY.
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Array BioPharma Inc (NAS:ARRY)
Days Payable
95.25 (As of Mar. 2017)

Array BioPharma Inc's payable for the three months ended in Mar. 2017 was $7.8 Mil. Array BioPharma Inc's cost of goods sold for the three months ended in Mar. 2017 was $7.4 Mil. Hence, Array BioPharma Inc's days payable for the three months ended in Mar. 2017 was 95.25.

ARRY' s Days Payable Range Over the Past 10 Years
Min: 37.58   Max: 159.87
Current: 92.1

37.58
159.87

During the past 13 years, Array BioPharma Inc's highest Days Payable was 159.87. The lowest was 37.58. And the median was 76.12.

ARRY's Days Payable is ranked higher than
60% of the 409 Companies
in the Global Biotechnology industry.

( Industry Median: 58.37 vs. ARRY: 92.10 )

Array BioPharma Inc's days payable declined from Mar. 2016 (242.96) to Mar. 2017 (95.25). It may suggest that Array BioPharma 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.

Array BioPharma Inc's Days Payable for the fiscal year that ended in Jun. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=10.147/23.166*365
=159.87

Array BioPharma Inc's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=7.758/7.432*365 / 4
=95.25

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Array BioPharma Inc Annual Data

Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15Jun16
DaysPayable 93.6579.63124.0172.6156.3097.2865.4855.2137.58159.87

Array BioPharma Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 64.5457.2559.7795.16195.13242.96170.0861.0865.2595.25
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