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Steelcase Inc's accounts payable for the three months ended in Aug. 2014 was $243 Mil. Steelcase Inc's cost of goods sold for the three months ended in Aug. 2014 was $542 Mil. Hence, Steelcase Inc's days accounts payable for the three months ended in Aug. 2014 was 40.92.
Steelcase Inc's days accounts payable increased from Aug. 2013 (40.37) to Aug. 2014 (40.92). It may suggest that Steelcase 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.
Steelcase Inc's Days Accounts Payable for the fiscal year that ended in Feb. 2014 is calculated as
Steelcase Inc's Days Accounts Payable for the quarter that ended in Aug. 2014 is calculated as:
Steelcase Inc Annual Data
|Days Accts Payable||34.52||34.79||37.70||39.27||28.49||35.87||41.39||36.00||36.20||37.95|
Steelcase Inc Quarterly Data
|Days Accts Payable||40.03||39.89||40.57||35.86||42.27||40.37||39.65||36.52||40.64||40.92|