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Micron Technology Inc (NAS:MU)
Days Payable
35.93 (As of Aug. 2014)

Micron Technology Inc's payable for the three months ended in Aug. 2014 was $1,119 Mil. Micron Technology Inc's cost of goods sold for the three months ended in Aug. 2014 was $2,842 Mil. Hence, Micron Technology Inc's days payable for the three months ended in Aug. 2014 was 35.93.

Micron Technology Inc's days payable declined from Aug. 2013 (44.79) to Aug. 2014 (35.93). It may suggest that Micron Technology 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.

Micron Technology Inc's Days Payable for the fiscal year that ended in Aug. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1119/10921*365
=37.40

Micron Technology Inc's Days Payable for the quarter that ended in Aug. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1119/2842*365 / 4
=35.93

* 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.

Micron Technology Inc Annual Data

Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14
DaysPayable 73.6176.5567.7736.9636.620.0061.6341.0952.9437.40

Micron Technology Inc Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
DaysPayable 0.0042.8046.5635.9238.1244.7938.4738.9847.0635.93
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