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CVS Health Corp (NYSE:CVS)
Days Payable
19.28 (As of Sep. 2014)

CVS Health Corp's payable for the three months ended in Sep. 2014 was $6,033 Mil. CVS Health Corp's cost of goods sold for the three months ended in Sep. 2014 was $28,553 Mil. Hence, CVS Health Corp's days payable for the three months ended in Sep. 2014 was 19.28.

CVS Health Corp's days payable increased from Sep. 2013 (19.06) to Sep. 2014 (19.28). It may suggest that CVS Health Corp 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.

CVS Health Corp's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=5548/102978*365
=19.66

CVS Health Corp's Days Payable for the quarter that ended in Sep. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=6033/28553*365 / 4
=19.28

* 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.

CVS Health Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 36.8232.9828.6921.7820.0516.6919.4518.4318.3919.66

CVS Health Corp Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
DaysPayable 17.7118.9018.4319.9618.6019.0619.1119.2318.6519.28
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