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Acuity Brands Inc (NYSE:AYI)
Days Payable
68.08 (As of Aug. 2014)

Acuity Brands Inc's payable for the three months ended in Aug. 2014 was $287 Mil. Acuity Brands Inc's cost of goods sold for the three months ended in Aug. 2014 was $385 Mil. Hence, Acuity Brands Inc's days payable for the three months ended in Aug. 2014 was 68.08.

Acuity Brands Inc's days payable increased from Aug. 2013 (66.47) to Aug. 2014 (68.08). It may suggest that Acuity Brands 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.

Acuity Brands 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
=287.4/1414.3*365
=74.17

Acuity Brands Inc's Days Payable for the quarter that ended in Aug. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=287.4/385.2*365 / 4
=68.08

* 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.

Acuity Brands Inc Annual Data

Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14
DaysPayable 61.1462.4852.5762.0357.9573.7369.8074.1372.7774.17

Acuity Brands Inc Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
DaysPayable 64.7969.8964.0365.6668.2766.4766.0367.3864.9568.08
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