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Nike Inc's quarterly accounts payable declined from May. 2014 ($4,853 Mil) to Aug. 2014 ($4,661 Mil) but then increased from Aug. 2014 ($4,661 Mil) to Nov. 2014 ($4,734 Mil).
Nike Inc's annual accounts payable increased from May. 2012 ($3,500 Mil) to May. 2013 ($3,755 Mil) and increased from May. 2013 ($3,755 Mil) to May. 2014 ($4,853 Mil).
Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.
It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Nike Inc Annual Data
Nike Inc Quarterly Data