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Lowe's Companies Inc (NYSE:LOW)
Days Payable
58.66 (As of Jul. 2016)

Lowe's Companies Inc's payable for the three months ended in Jul. 2016 was $7,696 Mil. Lowe's Companies Inc's cost of goods sold for the three months ended in Jul. 2016 was $11,972 Mil. Hence, Lowe's Companies Inc's days payable for the three months ended in Jul. 2016 was 58.66.

LOW' s Days Payable Range Over the Past 10 Years
Min: 41.86   Max: 53.4
Current: 70.42

41.86
53.4

During the past 13 years, Lowe's Companies Inc's highest Days Payable was 53.40. The lowest was 41.86. And the median was 50.52.

LOW's Days Payable is ranked higher than
70% of the 656 Companies
in the Global Home Improvement Stores industry.

( Industry Median: 49.18 vs. LOW: 70.42 )

Lowe's Companies Inc's days payable increased from Jul. 2015 (57.18) to Jul. 2016 (58.66). 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. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=5633/38504*365
=53.40

Lowe's Companies Inc's Days Payable for the quarter that ended in Jul. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=7696/11972*365 / 4
=58.66

* 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.

Lowe's Companies Inc Annual Data

Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16
DaysPayable 41.8642.9547.2750.8750.1648.3451.2152.3151.0153.40

Lowe's Companies Inc Quarterly Data

Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16
DaysPayable 74.4252.0065.7657.0680.3057.1871.4659.4481.3358.66
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