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GuruFocus has detected 2 Warning Signs with Lee Enterprises Inc $LEE.
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Lee Enterprises Inc (NYSE:LEE)
Days Payable
211.08 (As of Mar. 2017)

Lee Enterprises Inc's payable for the three months ended in Mar. 2017 was $14.3 Mil. Lee Enterprises Inc's cost of goods sold for the three months ended in Mar. 2017 was $6.2 Mil. Hence, Lee Enterprises Inc's days payable for the three months ended in Mar. 2017 was 211.08.

LEE' s Days Payable Range Over the Past 10 Years
Min: 35.1   Max: 261.74
Current: 197.81

35.1
261.74

During the past 13 years, Lee Enterprises Inc's highest Days Payable was 261.74. The lowest was 35.10. And the median was 188.75.

LEE's Days Payable is ranked higher than
78% of the 130 Companies
in the Global Publishing industry.

( Industry Median: 62.70 vs. LEE: 197.81 )

Lee Enterprises Inc's days payable declined from Mar. 2016 (248.23) to Mar. 2017 (211.08). It may suggest that Lee 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.

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=18.143/26.11*365
=253.63

Lee Enterprises 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
=14.342/6.2*365 / 4
=211.08

* 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.

Lee Enterprises Inc Annual Data

Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
DaysPayable 35.10189.05158.38215.50175.22158.58188.44261.74242.58253.63

Lee Enterprises Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 220.83223.77227.85289.71245.88248.23213.46244.65222.93211.08
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