Days Payable Outstanding
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The average number of days it takes for a company to pay its suppliers. This is often used as a measure of efficiency.
Formula
Days Payable Outstanding = 91.5 x (Accounts Payable/COGS)
Note: YCharts uses quarterly data instead of annual data for this calculation. Accounts payable and COGS refer to accounts payable and COGS respectively at the end of the quarter, hence the 91.5 multiplier instead of 365.
Related Terms
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