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Apollo Education Group Inc (NAS:APOL)
Days Payable
8.62 (As of Feb. 2014)

Apollo Education Group Inc's payable for the three months ended in Feb. 2014 was $64 Mil. Apollo Education Group Inc's revenue for the three months ended in Feb. 2014 was $679 Mil. Hence, Apollo Education Group Inc's days payable for the three months ended in Feb. 2014 was 8.62.

Apollo Education Group Inc's days payable increased from Feb. 2013 (8.29) to Feb. 2014 (8.62). It may suggest that Apollo Education Group Inc delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Apollo Education Group Inc's Days Payable for the fiscal year that ended in Aug. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=73.123/3681.31*365
=7.25

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

Days Payable=Payable/Revenue*Days in Period
=64.29/679.058*91
=8.62

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


Related Terms

Revenue


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

Aug04Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13
DaysPayable 10.336.519.0310.826.126.186.735.396.437.25

Apollo Education Group Inc Quarterly Data

Nov11Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14
DaysPayable 11.338.224.766.8410.698.299.277.8710.848.62
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