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GuruFocus has detected 2 Warning Signs with Finisar Corp $FNSR.
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Finisar Corp (NAS:FNSR)
Days Payable
55.20 (As of Apr. 2017)

Finisar Corp's payable for the three months ended in Apr. 2017 was $141 Mil. Finisar Corp's cost of goods sold for the three months ended in Apr. 2017 was $232 Mil. Hence, Finisar Corp's days payable for the three months ended in Apr. 2017 was 55.20.

FNSR' s Days Payable Range Over the Past 10 Years
Min: 38.87   Max: 62.3
Current: 54.26

38.87
62.3

During the past 13 years, Finisar Corp's highest Days Payable was 62.30. The lowest was 38.87. And the median was 52.97.

FNSR's Days Payable is ranked lower than
55% of the 449 Companies
in the Global Communication Equipment industry.

( Industry Median: 60.55 vs. FNSR: 54.26 )

Finisar Corp's days payable declined from Apr. 2016 (56.58) to Apr. 2017 (55.20). It may suggest that Finisar 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.

Finisar Corp's Days Payable for the fiscal year that ended in Apr. 2017 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=140.568/945.656*365
=54.26

Finisar Corp's Days Payable for the quarter that ended in Apr. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=140.568/232.363*365 / 4
=55.20

* 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.

Finisar Corp Annual Data

Apr08Apr09Apr10Apr11Apr12Apr13Apr14Apr15Apr16Apr17
DaysPayable 52.6049.3362.3043.7538.8741.8457.3753.3356.8854.26

Finisar Corp Quarterly Data

Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17Apr17
DaysPayable 49.5151.9956.2052.3954.0756.5853.3559.1258.3255.20
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