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CarMax Inc (NYSE:KMX)
Accounts Payable
$687 Mil (As of May. 2014)

CarMax Inc's quarterly accounts payable increased from Nov. 2013 ($515 Mil) to Feb. 2014 ($633 Mil) and increased from Feb. 2014 ($633 Mil) to May. 2014 ($687 Mil).

CarMax Inc's annual accounts payable increased from Feb. 2012 ($457 Mil) to Feb. 2013 ($485 Mil) and increased from Feb. 2013 ($485 Mil) to Feb. 2014 ($633 Mil).


Definition

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.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

CarMax Inc Annual Data

Feb05Feb06Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14
Accts Payable 237280347372320354374457485633

CarMax Inc Quarterly Data

Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14
Accts Payable 457451338390485485493515633687
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