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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.
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
CarMax Inc's Days Accounts Payable for the quarter that ended in Aug. 2014 is calculated as:
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
CarMax Inc Annual Data
|Days Accts Payable||13.51||12.59||14.33||15.67||14.42||14.51||12.83||13.75||12.94||14.28|
CarMax Inc Quarterly Data
|Days Accts Payable||11.21||8.45||11.03||12.50||10.09||11.24||13.10||14.49||12.17||12.17|