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Quality Systems Inc  (NAS:QSII) Days Payable: 7.72 (As of Jun. 2017)

Quality Systems Inc's payable for the three months ended in Jun. 2017 was $5.0 Mil. Quality Systems Inc's Cost of Goods Sold for the three months ended in Jun. 2017 was $59.2 Mil. Hence, Quality Systems Inc's days payable for the three months ended in Jun. 2017 was 7.72.

NAS:QSII' s Days Payable Range Over the Past 10 Years
Min: 7.55   Max: 27.36
Current: 8.1

7.55
27.36

During the past 13 years, Quality Systems Inc's highest Days Payable was 27.36. The lowest was 7.55. And the median was 17.20.

NAS:QSII's Days Payable is ranked lower than
91% of the 1335 Companies
in the Global industry.

( Industry Median: 44.68 vs. NAS:QSII: 8.10 )

Quality Systems Inc's days payable increased from Jun. 2016 (6.62) to Jun. 2017 (7.72). It may suggest that Quality Systems Inc 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.

Quality Systems Inc Annual Data

Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.13 13.08 16.39 18.00 7.55

Quality Systems Inc Quarterly Data

Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 6.62 8.86 8.77 7.53 7.72

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.

Quality Systems Inc's Days Payable for the fiscal year that ended in Mar. 2017 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=4.618/223.134*365
=7.55

Quality Systems Inc's Days Payable for the quarter that ended in Jun. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=5.007/59.169*365 / 4
=7.72

* 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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