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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.
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
Micron Technology Inc's Days Accounts Payable for the quarter that ended in Aug. 2014 is calculated as:
Micron Technology Inc Annual Data
|Days Accts Payable||73.61||76.55||67.77||36.96||36.62||50.56||61.63||41.09||52.94||37.40|
Micron Technology Inc Quarterly Data
|Days Accts Payable||0.00||42.80||46.56||35.92||38.12||44.79||38.47||38.98||47.06||35.93|