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Nike Inc (NYSE:NKE)
Days Payable
41.19 (As of Feb. 2015)

Nike Inc's payable for the three months ended in Feb. 2015 was $1,821 Mil. Nike Inc's cost of goods sold for the three months ended in Feb. 2015 was $4,034 Mil. Hence, Nike Inc's days payable for the three months ended in Feb. 2015 was 41.19.

Nike Inc's days payable increased from Feb. 2014 (34.91) to Feb. 2015 (41.19). It may suggest that Nike 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.

Nike Inc's Days Payable for the fiscal year that ended in May. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1930/15353*365
=45.88

Nike Inc's Days Payable for the quarter that ended in Feb. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1821/4034*365 / 4
=41.19

* 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.

Nike Inc Annual Data

May05May06May07May08May09May10May11May12May13May14
DaysPayable 40.4041.5341.4345.9035.6344.8349.1242.8942.6645.88

Nike Inc Quarterly Data

Nov12Feb13May13Aug13Nov13Feb14May14Aug14Nov14Feb15
DaysPayable 40.4732.8140.5437.0640.8034.9143.5942.1946.6941.19
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