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Canon Inc's accounts payable for the three months ended in Sep. 2014 was $2,833 Mil. Canon Inc's cost of goods sold for the three months ended in Sep. 2014 was $4,080 Mil. Hence, Canon Inc's days accounts payable for the three months ended in Sep. 2014 was 63.37.
Canon Inc's days accounts payable increased from Sep. 2013 (61.12) to Sep. 2014 (63.37). It may suggest that Canon Inc delayed paying its suppliers.
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.
Canon Inc's Days Accounts Payable for the fiscal year that ended in Dec. 2013 is calculated as
Canon Inc's Days Accounts Payable for the quarter that ended in Sep. 2014 is calculated as:
|Days Accounts Payable||=||Accounts Payable||/||COGS||*||Days in Period|
|=||2833.19632979||/||4079.94712404||*||365 / 4|
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Canon Inc Annual Data
|Days Accts Payable||95.69||95.26||85.85||84.00||68.86||69.47||72.71||76.29||64.88||58.00|
Canon Inc Quarterly Data
|Days Accts Payable||74.63||73.88||57.18||66.55||60.18||61.12||51.27||63.68||61.87||63.37|