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Conn's Inc's accounts payable for the three months ended in Jul. 2014 was $96 Mil. Conn's Inc's cost of goods sold for the three months ended in Jul. 2014 was $171 Mil. Hence, Conn's Inc's days accounts payable for the three months ended in Jul. 2014 was 51.33.
Conn's Inc's days accounts payable declined from Jul. 2013 (53.98) to Jul. 2014 (51.33). It may suggest that Conn's Inc accelerated 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.
Conn's Inc's Days Accounts Payable for the fiscal year that ended in Jan. 2014 is calculated as
Conn's Inc's Days Accounts Payable for the quarter that ended in Jul. 2014 is calculated as:
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Conn's Inc Annual Data
|Days Accts Payable||27.51||35.65||39.37||19.89||35.76||26.77||43.68||35.32||55.15||50.91|
Conn's Inc Quarterly Data
|Days Accts Payable||50.45||53.04||56.32||48.45||54.63||53.98||63.36||42.35||66.43||51.33|