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Lowe's Companies Inc (NYSE:LOW)
Days Payable
80.30 (As of Apr. 2015)

Lowe's Companies Inc's payable for the three months ended in Apr. 2015 was $8,023 Mil. Lowe's Companies Inc's cost of goods sold for the three months ended in Apr. 2015 was $9,117 Mil. Hence, Lowe's Companies Inc's days payable for the three months ended in Apr. 2015 was 80.30.

Lowe's Companies Inc's days payable increased from Apr. 2014 (74.42) to Apr. 2015 (80.30). It may suggest that Lowe's Companies 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.

Lowe's Companies Inc's Days Payable for the fiscal year that ended in Jan. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=5124/36665*365
=51.01

Lowe's Companies Inc's Days Payable for the quarter that ended in Apr. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=8023/9117*365 / 4
=80.30

* 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.

Lowe's Companies Inc Annual Data

Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15
DaysPayable 36.3341.8642.9547.2750.8750.1648.3451.2152.3151.01

Lowe's Companies Inc Quarterly Data

Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15
DaysPayable 58.5375.2950.1162.1859.9974.4252.0065.7657.0680.30
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