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Rite Aid Corp (NYSE:RAD)
Days Accounts Payable
23.78 (As of Aug. 2014)

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.


Definition

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

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=1292.419/18202.679*365
=25.92

Rite Aid Corp's Days Accounts Payable for the quarter that ended in Aug. 2014 is calculated as:

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=1205.834/4628.005*365 / 4
=23.78

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Accounts Payable, COGS


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Rite Aid Corp Annual Data

Feb05Feb06Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14
Days Accts Payable 21.9325.0325.7629.4223.8322.4525.7726.9427.9625.92

Rite Aid Corp Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
Days Accts Payable 25.8525.4029.6428.6727.8728.9627.9825.0326.7023.78
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