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CarMax Inc (NYSE:KMX)
Days Payable
13.66 (As of Feb. 2015)

CarMax Inc's payable for the three months ended in Feb. 2015 was $455 Mil. CarMax Inc's cost of goods sold for the three months ended in Feb. 2015 was $3,038 Mil. Hence, CarMax Inc's days payable for the three months ended in Feb. 2015 was 13.66.

CarMax Inc's days payable declined from Feb. 2014 (14.49) to Feb. 2015 (13.66). 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. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=454.81/12381.189*365
=13.41

CarMax Inc's Days Payable for the quarter that ended in Feb. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=454.81/3038.255*365 / 4
=13.66

* 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

Feb06Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15
DaysPayable 12.5914.3315.6714.4214.5112.8313.7512.9414.2813.41

CarMax Inc Quarterly Data

Nov12Feb13May13Aug13Nov13Feb14May14Aug14Nov14Feb15
DaysPayable 11.0312.5010.0911.2413.1014.4912.1712.1714.1913.66
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