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GuruFocus has detected 5 Warning Signs with Micron Technology Inc $MU.
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Micron Technology Inc (NAS:MU)
Days Payable
40.21 (As of Nov. 2016)

Micron Technology Inc's payable for the three months ended in Nov. 2016 was $1,304 Mil. Micron Technology Inc's cost of goods sold for the three months ended in Nov. 2016 was $2,959 Mil. Hence, Micron Technology Inc's days payable for the three months ended in Nov. 2016 was 40.21.

MU' s Days Payable Range Over the Past 10 Years
Min: 33.29   Max: 67.77
Current: 45.98

33.29
67.77

During the past 13 years, Micron Technology Inc's highest Days Payable was 67.77. The lowest was 33.29. And the median was 41.09.

MU's Days Payable is ranked lower than
55% of the 739 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 50.77 vs. MU: 45.98 )

Micron Technology Inc's days payable increased from Nov. 2015 (37.00) to Nov. 2016 (40.21). It may suggest that Micron Technology 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.

Micron Technology Inc's Days Payable for the fiscal year that ended in Aug. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1186/9894*365
=43.75

Micron Technology Inc's Days Payable for the quarter that ended in Nov. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1304/2959*365 / 4
=40.21

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Micron Technology Inc Annual Data

Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14Aug15Aug16
DaysPayable 67.7736.9636.620.0061.6341.0952.9433.2933.9243.75

Micron Technology Inc Quarterly Data

Aug14Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16
DaysPayable 31.9829.8831.3334.4235.3937.0039.2942.0141.0240.21
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