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CarMax Inc (NYSE:KMX)
Days Payable
11.67 (As of May. 2016)

CarMax Inc's payable for the three months ended in May. 2016 was $455 Mil. CarMax Inc's cost of goods sold for the three months ended in May. 2016 was $3,554 Mil. Hence, CarMax Inc's days payable for the three months ended in May. 2016 was 11.67.

KMX' s Days Payable Range Over the Past 10 Years
Min: 12.28   Max: 15.67
Current: 12.56

12.28
15.67

During the past 13 years, CarMax Inc's highest Days Payable was 15.67. The lowest was 12.28. And the median was 14.02.

KMX's Days Payable is ranked lower than
90% of the 977 Companies
in the Global Auto & Truck Dealerships industry.

( Industry Median: 51.29 vs. KMX: 12.56 )

CarMax Inc's days payable declined from May. 2015 (11.74) to May. 2016 (11.67). It may suggest that CarMax Inc 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.

CarMax Inc's Days Payable for the fiscal year that ended in Feb. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=441.746/13130.915*365
=12.28

CarMax Inc's Days Payable for the quarter that ended in May. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=454.522/3553.749*365 / 4
=11.67

* 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.

CarMax Inc Annual Data

Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16
DaysPayable 14.3315.6714.4214.5112.8313.7512.9414.2813.4112.28

CarMax Inc Quarterly Data

Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16May16
DaysPayable 14.4912.1712.1714.1913.6611.7412.3112.4712.5311.67
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