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Garmin Ltd (NAS:GRMN)
Days Payable
42.92 (As of Sep. 2014)

Garmin Ltd's payable for the three months ended in Sep. 2014 was $145 Mil. Garmin Ltd's cost of goods sold for the three months ended in Sep. 2014 was $308 Mil. Hence, Garmin Ltd's days payable for the three months ended in Sep. 2014 was 42.92.

Garmin Ltd's days payable declined from Sep. 2013 (47.64) to Sep. 2014 (42.92). It may suggest that Garmin Ltd accelerated 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.

Garmin Ltd'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
=146.582/1224.551*365
=43.69

Garmin Ltd's Days Payable for the quarter that ended in Sep. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=144.882/308.037*365 / 4
=42.92

* 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.

Garmin Ltd Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 55.7656.6836.1872.5030.1149.4135.9642.1637.5143.69

Garmin Ltd Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
DaysPayable 42.6743.0630.3540.0137.3547.6436.6444.9236.2942.92
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