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

Micron Technology Inc's accounts 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 accounts payable for the three months ended in Aug. 2014 was 35.93.

Micron Technology Inc's days accounts 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 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.

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

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=1119/10921*365
=37.40

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

Days Accounts Payable=Accounts Payable/COGS*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

Accounts Payable, COGS


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
Days Accts Payable 73.6176.5567.7736.9636.6250.5661.6341.0952.9437.40

Micron Technology Inc Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
Days Accts Payable 0.0042.8046.5635.9238.1244.7938.4738.9847.0635.93
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