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Apollo Education Group Inc (NAS:APOL)
Days Payable
19.25 (As of Nov. 2014)

Apollo Education Group Inc's payable for the three months ended in Nov. 2014 was $68 Mil. Apollo Education Group Inc's cost of goods sold for the three months ended in Nov. 2014 was $324 Mil. Hence, Apollo Education Group Inc's days payable for the three months ended in Nov. 2014 was 19.25.

Apollo Education Group Inc's days payable increased from Nov. 2013 (17.45) to Nov. 2014 (19.25). 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. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=63.907/1301.004*365
=17.93

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=68.405/324.264*365 / 4
=19.25

* 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

Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14
DaysPayable 15.3820.1623.8112.4015.2319.1314.4215.1817.0917.93

Apollo Education Group Inc Quarterly Data

Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14Nov14
DaysPayable 43.3813.3518.0817.8718.9417.4518.3618.1418.5719.25
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