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Li & Fung Ltd (OTCPK:LFUGF)
Days Accounts Payable
58.77 (As of Jun. 2014)

Li & Fung Ltd's accounts payable for the six months ended in Jun. 2014 was $2,493 Mil. Li & Fung Ltd's cost of goods sold for the six months ended in Jun. 2014 was $7,742 Mil. Hence, Li & Fung Ltd's days accounts payable for the six months ended in Jun. 2014 was 58.77.

Li & Fung Ltd's days accounts payable declined from Jun. 2013 (59.19) to Jun. 2014 (58.77). It may suggest that Li & Fung Ltd accelerated 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.

Li & Fung Ltd's Days Accounts Payable for the fiscal year that ended in Dec. 2013 is calculated as

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=2552.495/17530.953*365
=53.14

Li & Fung Ltd's Days Accounts Payable for the quarter that ended in Jun. 2014 is calculated as:

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=2493.23/7741.923*365 / 2
=58.77

* 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.

Li & Fung Ltd Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Days Accts Payable 0.000.000.000.0046.6547.4258.6450.0551.7053.14

Li & Fung Ltd Semi-Annual Data

Dec09Jun10Dec10Jun11Dec11Jun12Dec12Jun13Dec13Jun14
Days Accts Payable 42.7353.0950.5656.1245.0755.8447.1959.1947.7958.77
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