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GuruFocus has detected 2 Warning Signs with Hovnanian Enterprises Inc $HOV.
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Hovnanian Enterprises Inc (NYSE:HOV)
Days Payable
27.10 (As of Jan. 2017)

Hovnanian Enterprises Inc's payable for the three months ended in Jan. 2017 was $141 Mil. Hovnanian Enterprises Inc's cost of goods sold for the three months ended in Jan. 2017 was $473 Mil. Hence, Hovnanian Enterprises Inc's days payable for the three months ended in Jan. 2017 was 27.10.

HOV' s Days Payable Range Over the Past 10 Years
Min: 15   Max: 81.35
Current: 21.69

15
81.35

During the past 13 years, Hovnanian Enterprises Inc's highest Days Payable was 81.35. The lowest was 15.00. And the median was 32.81.

HOV's Days Payable is ranked lower than
72% of the 559 Companies
in the Global Residential Construction industry.

( Industry Median: 41.29 vs. HOV: 21.69 )

Hovnanian Enterprises Inc's days payable declined from Jan. 2016 (34.14) to Jan. 2017 (27.10). It may suggest that Hovnanian Enterprises 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.

Hovnanian Enterprises Inc's Days Payable for the fiscal year that ended in Oct. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=187.781/2393.345*365
=28.64

Hovnanian Enterprises Inc's Days Payable for the quarter that ended in Jan. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=140.576/473.388*365 / 4
=27.10

* 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.

Hovnanian Enterprises Inc Annual Data

Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14Oct15Oct16
DaysPayable 15.0040.7156.6427.3932.8126.1481.350.0034.5228.64

Hovnanian Enterprises Inc Quarterly Data

Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17
DaysPayable 0.0029.3432.1730.2926.8934.1431.2628.7524.7327.10
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