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Electro Rent Corp  (NAS:ELRC) Days Payable: 41.57 (As of Feb. 2016)

Electro Rent Corp's payable for the three months ended in Feb. 2016 was $4.8 Mil. Electro Rent Corp's Cost of Goods Sold for the three months ended in Feb. 2016 was $10.6 Mil. Hence, Electro Rent Corp's days payable for the three months ended in Feb. 2016 was 41.57.

Electro Rent Corp's days payable increased from Feb. 2015 (28.59) to Feb. 2016 (41.57). It may suggest that Electro Rent Corp delayed paying its suppliers.


Historical Data

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

* Premium members only.

Electro Rent Corp Annual Data

May06 May07 May08 May09 May10 May11 May12 May13 May14 May15
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.10 29.58 27.66 28.55 30.16

Electro Rent Corp Quarterly Data

May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.59 29.10 28.76 42.44 41.57

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Calculation

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.

Electro Rent Corp's Days Payable for the fiscal year that ended in May. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=8.234/99.643*365
=30.16

Electro Rent Corp's Days Payable for the quarter that ended in Feb. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=4.821/10.582*365 / 4
=41.57

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


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