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Xerox Corporation (NYSE:XRX)
Days Accounts Payable
39.90 (As of Sep. 2014)

Xerox Corporation's accounts payable for the three months ended in Sep. 2014 was $1,550 Mil. Xerox Corporation's cost of goods sold for the three months ended in Sep. 2014 was $3,545 Mil. Hence, Xerox Corporation's days accounts payable for the three months ended in Sep. 2014 was 39.90.

Xerox Corporation's days accounts payable declined from Sep. 2013 (40.45) to Sep. 2014 (39.90). It may suggest that Xerox Corporation 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.

Xerox Corporation's Days Accounts Payable for the fiscal year that ended in Dec. 2013 is calculated as

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=1626/14787*365
=40.14

Xerox Corporation's Days Accounts Payable for the quarter that ended in Sep. 2014 is calculated as:

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=1550/3545*365 / 4
=39.90

* 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.

Xerox Corporation Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Days Accts Payable 42.8242.7745.2950.0950.5259.6251.5449.1747.2140.14

Xerox Corporation Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Days Accts Payable 43.1940.1744.5841.7942.7640.4537.8240.0339.7739.90
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