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Altera Corp's accounts payable for the three months ended in Sep. 2014 was $48 Mil. Altera Corp's cost of goods sold for the three months ended in Sep. 2014 was $166 Mil. Hence, Altera Corp's days accounts payable for the three months ended in Sep. 2014 was 26.33.
Altera Corp's days accounts payable declined from Sep. 2013 (33.67) to Sep. 2014 (26.33). It may suggest that Altera Corp accelerated paying its suppliers.
Days Accounts Payable indicates the number of days that the accounts payable relative to cost of goods sold the company has. An increase of Days Accounts Payable may suggest that the company delays paying its suppliers.
Altera Corp's Days Accounts Payable for the fiscal year that ended in Dec. 2013 is calculated as
Altera Corp's Days Accounts Payable for the quarter that ended in Sep. 2014 is calculated as:
Altera Corp Annual Data
|Days Accts Payable||37.08||29.31||20.66||33.85||27.46||46.50||55.41||31.19||33.73||29.48|
Altera Corp Quarterly Data
|Days Accts Payable||44.41||27.37||34.23||22.88||26.73||33.67||27.98||21.63||29.64||26.33|