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CarMax, Inc. (NYSE:KMX)
Days Payable
12.72 (As of Feb. 2014)

CarMax, Inc.'s payable for the three months ended in Feb. 2014 was $430 Mil. CarMax, Inc.'s revenue for the three months ended in Feb. 2014 was $3,076 Mil. Hence, CarMax, Inc.'s days payable for the three months ended in Feb. 2014 was 12.72.

CarMax, Inc.'s days payable increased from Feb. 2013 (10.84) to Feb. 2014 (12.72). It may suggest that CarMax, Inc. delayed 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. 2014 is calculated as

Days Payable=Payable/Revenue*Days in Period
=429.93/12574.299*365
=12.48

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

Days Payable=Payable/Revenue*Days in Period
=429.93/3076.283*91
=12.72

* 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

Feb05Feb06Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14
DaysPayable 11.8411.0012.4613.9613.8112.6811.0011.9711.2212.48

CarMax, Inc. Quarterly Data

Nov11Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14
DaysPayable 10.4412.0511.227.329.5510.8410.329.7611.6312.72
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