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Brady Corp (NYSE:BRC)
Days Accounts Payable
48.00 (As of Oct. 2014)

Brady Corp's accounts payable for the three months ended in Oct. 2014 was $84 Mil. Brady Corp's cost of goods sold for the three months ended in Oct. 2014 was $160 Mil. Hence, Brady Corp's days accounts payable for the three months ended in Oct. 2014 was 48.00.

Brady Corp's days accounts payable declined from Oct. 2013 (56.36) to Oct. 2014 (48.00). It may suggest that Brady Corp 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.

Brady Corp's Days Accounts Payable for the fiscal year that ended in Jul. 2014 is calculated as

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=88.099/615.47*365
=52.25

Brady Corp's Days Accounts Payable for the quarter that ended in Oct. 2014 is calculated as:

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=84.199/160.079*365 / 4
=48.00

* 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.

Brady Corp Annual Data

Jul05Jul06Jul07Jul08Jul09Jul10Jul11Jul12Jul13Jul14
Days Accts Payable 50.2058.2247.3855.4048.4655.5152.7945.9755.1652.25

Brady Corp Quarterly Data

Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14
Days Accts Payable 47.2255.5654.0846.9952.9756.3653.3551.7149.4248.00
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