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Apollo Education Group Inc (NAS:APOL)
Days Accounts Payable
18.57 (As of Aug. 2014)

Apollo Education Group Inc's accounts payable for the three months ended in Aug. 2014 was $64 Mil. Apollo Education Group Inc's cost of goods sold for the three months ended in Aug. 2014 was $314 Mil. Hence, Apollo Education Group Inc's days accounts payable for the three months ended in Aug. 2014 was 18.57.

Apollo Education Group Inc's days accounts payable declined from Aug. 2013 (40.29) to Aug. 2014 (18.57). It may suggest that Apollo Education Group Inc accelerated paying its suppliers.


Definition

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.

Apollo Education Group Inc's Days Accounts Payable for the fiscal year that ended in Aug. 2014 is calculated as

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=63.907/1301.004*365
=17.93

Apollo Education Group Inc's Days Accounts Payable for the quarter that ended in Aug. 2014 is calculated as:

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=63.907/313.986*365 / 4
=18.57

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


Related Terms

Accounts Payable, COGS


Historical Data

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

Apollo Education Group Inc Annual Data

Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14
Days Accts Payable 15.6520.1123.8112.4015.2319.1314.3115.1816.9017.93

Apollo Education Group Inc Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
Days Accts Payable 11.4015.3813.3518.0815.3340.2917.3218.3618.1418.57
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