DPO — days payables outstanding
What it measures¶
Days payables outstanding is how many days, on average, the company takes to pay its suppliers. What it owes them is recorded as payables until it pays. The page computes 365 × average payables ÷ cost of revenue, where the cost of revenue is the direct cost of what was sold.
Why it is on the page¶
It is the part of the cash conversion cycle that works in the company's favour: while it has not yet paid its suppliers, it is using their money. A large company can often stretch it; a sudden rise can also mean it is short of cash.
Thresholds, their source and the population they were fitted on¶
The page draws no zones: payment terms are set by industry custom and bargaining power.
- Fitted on: no population — a descriptive ratio.
- Evidence grade: not graded.
A worked example¶
Celestica, as the Fundamentals page showed it on 9 August 2026 (fiscal year 2025): DPO 52.9 days — it paid its suppliers in a little under two months, sooner than its own customers paid it (69.3 days).
What “No verdict” means here¶
The row carries no verdict of its own. It reads insufficient data when payables or the cost of revenue is not stored.
What the verdict is and is not¶
The figure describes how long the company took to pay its suppliers in one year. It is not a forecast and not an instruction to trade the shares.