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Lowe's Companies Inc (NYSE:LOW)
Days Payable
47.87 (As of Apr. 2014)

Lowe's Companies Inc's payable for the three months ended in Apr. 2014 was $7,051 Mil. Lowe's Companies Inc's revenue for the three months ended in Apr. 2014 was $13,403 Mil. Hence, Lowe's Companies Inc's days payable for the three months ended in Apr. 2014 was 47.87.

Lowe's Companies Inc's days payable declined from Apr. 2013 (48.96) to Apr. 2014 (47.87). It may suggest that Lowe's Companies 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.

Lowe's Companies Inc's Days Payable for the fiscal year that ended in Jan. 2014 is calculated as

Days Payable=Payable/Revenue*Days in Period
=5437/53417*365
=37.15

Lowe's Companies Inc's Days Payable for the quarter that ended in Apr. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=7051/13403*91
=47.87

* 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

Jan05Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14
DaysPayable 26.9023.9027.4128.0731.1033.1432.5334.7936.4937.15

Lowe's Companies Inc Quarterly Data

Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14
DaysPayable 37.4548.2732.4740.8241.6148.9632.8140.5742.4347.87
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