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GuruFocus has detected 5 Warning Signs with Veeco Instruments Inc $VECO.
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Veeco Instruments Inc (NAS:VECO)
Days Payable
46.59 (As of Mar. 2017)

Veeco Instruments Inc's payable for the three months ended in Mar. 2017 was $30.7 Mil. Veeco Instruments Inc's cost of goods sold for the three months ended in Mar. 2017 was $60.2 Mil. Hence, Veeco Instruments Inc's days payable for the three months ended in Mar. 2017 was 46.59.

VECO' s Days Payable Range Over the Past 10 Years
Min: 24.43   Max: 57.09
Current: 52.48

24.43
57.09

During the past 13 years, Veeco Instruments Inc's highest Days Payable was 57.09. The lowest was 24.43. And the median was 38.61.

VECO's Days Payable is ranked higher than
51% of the 760 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 52.14 vs. VECO: 52.48 )

Veeco Instruments Inc's days payable declined from Mar. 2016 (60.68) to Mar. 2017 (46.59). It may suggest that Veeco Instruments 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.

Veeco Instruments Inc's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=22.607/199.593*365
=41.34

Veeco Instruments 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
=30.732/60.186*365 / 4
=46.59

* 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.

Veeco Instruments Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 54.5940.6053.1224.4329.2131.6557.0925.6236.6141.34

Veeco Instruments Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 21.8359.3851.1526.5040.5060.6872.4948.1535.8146.59
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