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Rite Aid Corp's accounts payable for the three months ended in Aug. 2014 was $1,206 Mil. Rite Aid Corp's cost of goods sold for the three months ended in Aug. 2014 was $4,628 Mil. Hence, Rite Aid Corp's days accounts payable for the three months ended in Aug. 2014 was 23.78.
Rite Aid Corp's days accounts payable declined from Aug. 2013 (28.96) to Aug. 2014 (23.78). It may suggest that Rite Aid Corp 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.
Rite Aid Corp's Days Accounts Payable for the fiscal year that ended in Feb. 2014 is calculated as
Rite Aid Corp's Days Accounts Payable for the quarter that ended in Aug. 2014 is calculated as:
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Rite Aid Corp Annual Data
|Days Accts Payable||21.93||25.03||25.76||29.42||23.83||22.45||25.77||26.94||27.96||25.92|
Rite Aid Corp Quarterly Data
|Days Accts Payable||25.85||25.40||29.64||28.67||27.87||28.96||27.98||25.03||26.70||23.78|