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ExamWorks Group Inc (NYSE:EXAM)
Days Payable
40.35 (As of Mar. 2016)

ExamWorks Group Inc's payable for the three months ended in Mar. 2016 was $65.9 Mil. ExamWorks Group Inc's cost of goods sold for the three months ended in Mar. 2016 was $149.1 Mil. Hence, ExamWorks Group Inc's days payable for the three months ended in Mar. 2016 was 40.35.

ExamWorks Group Inc's days payable declined from Mar. 2015 (40.89) to Mar. 2016 (40.35). It may suggest that ExamWorks Group 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.

ExamWorks Group Inc's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=60.599/536.494*365
=41.23

ExamWorks Group Inc's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=65.948/149.126*365 / 4
=40.35

* 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.

ExamWorks Group Inc Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 0.000.0071.2777.7270.4659.3549.8047.4341.8841.23

ExamWorks Group Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 45.7848.6845.1343.6439.8640.8938.3040.2140.2340.35
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