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CarMax Inc (NYSE:KMX)
Days Accounts Payable
12.17 (As of Aug. 2014)

CarMax Inc's accounts payable for the three months ended in Aug. 2014 was $418 Mil. CarMax Inc's cost of goods sold for the three months ended in Aug. 2014 was $3,136 Mil. Hence, CarMax Inc's days accounts payable for the three months ended in Aug. 2014 was 12.17.

CarMax Inc's days accounts payable increased from Aug. 2013 (11.24) to Aug. 2014 (12.17). It may suggest that CarMax Inc delayed paying its suppliers.


Definition

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.

CarMax Inc's Days Accounts Payable for the fiscal year that ended in Feb. 2014 is calculated as

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=427.492/10925.598*365
=14.28

CarMax Inc's Days Accounts Payable for the quarter that ended in Aug. 2014 is calculated as:

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=418.269/3135.855*365 / 4
=12.17

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Accounts Payable, COGS


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

Feb05Feb06Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14
Days Accts Payable 13.5112.5914.3315.6714.4214.5112.8313.7512.9414.28

CarMax Inc Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
Days Accts Payable 11.218.4511.0312.5010.0911.2413.1014.4912.1712.17
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