Belo (FRA:BES) Days Payable : 23.67 (As of Sep. 2013)

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What is Belo Days Payable?

Belo's average Accounts Payable for the three months ended in Sep. 2013 was €12.0 Mil. Belo's Cost of Goods Sold for the three months ended in Sep. 2013 was €46.1 Mil. Hence, Belo's Days Payable for the three months ended in Sep. 2013 was 23.67.

The historical rank and industry rank for Belo's Days Payable or its related term are showing as below:

FRA:BES's Days Payable is not ranked ^*
in the Media - Diversified industry.
Industry Median: 79.7
* Ranked among companies with meaningful Days Payable only.

Belo's Days Payable declined from Sep. 2012 (27.89) to Sep. 2013 (23.67). It may suggest that Belo accelerated paying its suppliers.

Belo Days Payable Historical Data

The historical data trend for Belo's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Belo Days Payable Chart

Belo Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Days Payable

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53.47

33.03

30.62

31.94

31.56

Belo Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Days Payable	Get a 7-Day Free Trial															27.89	27.17	27.49	22.83	23.67

Competitive Comparison of Belo's Days Payable

For the Broadcasting subindustry, Belo's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* 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. Note that "N/A" values will not show up in the chart.

Belo's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Belo's Days Payable distribution charts can be found below:

* The bar in red indicates where Belo's Days Payable falls into.

Belo Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Belo's Days Payable for the fiscal year that ended in Dec. 2012 is calculated as

	Days Payable (A: Dec. 2012 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2011 )	+	Accounts Payable (A: Dec. 2012 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2012 )	*	Days in Period
=	( (14.955	+	15.505)	/	2 )	/	176.165	*	365
=	15.23					/	176.165	*	365
=	31.56

Belo's Days Payable for the quarter that ended in Sep. 2013 is calculated as:

	Days Payable (Q: Sep. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2013 )	+	Accounts Payable (Q: Sep. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2013 )	*	Days in Period
=	( (11.866	+	12.042)	/	2 )	/	46.088	*	365 / 4
=	11.954					/	46.088	*	365 / 4
=	23.67

Belo Days Payable Related Terms

Thank you for viewing the detailed overview of Belo's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Belo (FRA:BES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Belo Corporation (FRA:BES) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.belo.com

Belo Corporation, a Delaware corporation, began as a Texas newspaper company in 1842. The company operates as a television company in the United States. It owns 20 television stations that reach more than 14 percent of U.S. television households, including ABC, CBS, NBC, FOX, CW and MyNetwork TV affiliates, and their associated websites, in 15 markets across the United States. The Company also has three local and two regional news channels, Texas Cable News and NorthWest Cable News. It also operates more than 20 websites several interactive alliances and a broad range of Internet-based products. The Company derives revenues from the sale of airtime on its television stations, advertising space on the Company's Internet websites and retransmission of its programming by cable, satellite, telephone and wireless companies.

Belo (FRA:BES) Headlines

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