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Nike Inc's accounts payable for the three months ended in Aug. 2014 was $1,970 Mil. Nike Inc's cost of goods sold for the three months ended in Aug. 2014 was $4,261 Mil. Hence, Nike Inc's days accounts payable for the three months ended in Aug. 2014 was 42.19.
Nike Inc's days accounts payable increased from Aug. 2013 (37.06) to Aug. 2014 (42.19). It may suggest that Nike Inc delayed 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.
Nike Inc's Days Accounts Payable for the fiscal year that ended in May. 2014 is calculated as
Nike Inc's Days Accounts Payable for the quarter that ended in Aug. 2014 is calculated as:
Nike Inc Annual Data
|Days Accts Payable||40.40||41.53||41.43||45.90||35.63||44.83||49.12||42.89||42.66||45.88|
Nike Inc Quarterly Data
|Days Accts Payable||39.63||38.82||40.47||32.81||40.54||37.06||40.80||34.91||43.59||42.19|