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GuruFocus has detected 5 Warning Signs with Quality Systems Inc $QSII.
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Quality Systems Inc (NAS:QSII)
Days Payable
7.53 (As of Mar. 2017)

Quality Systems Inc's payable for the three months ended in Mar. 2017 was $4.6 Mil. Quality Systems Inc's cost of goods sold for the three months ended in Mar. 2017 was $56.0 Mil. Hence, Quality Systems Inc's days payable for the three months ended in Mar. 2017 was 7.53.

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

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.

QSII's Days Payable is ranked lower than
91% of the 1368 Companies
in the Global Health Information Services industry.

( Industry Median: 43.70 vs. QSII: 7.55 )

Quality Systems Inc's days payable declined from Mar. 2016 (17.13) to Mar. 2017 (7.53). It may suggest that Quality Systems 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.

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 Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=4.618/55.97*365 / 4
=7.53

* 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.

Quality Systems Inc Annual Data

Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16Mar17
DaysPayable 27.3620.9311.0119.1410.9422.1313.0816.3918.007.55

Quality Systems Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 11.6916.3718.0917.6817.3917.136.628.868.777.53
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