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Apple Days Payable

: 72.16 (As of Dec. 2020)
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Apple's average Accounts Payable for the three months ended in Dec. 2020 was $53,071 Mil. Apple's Cost of Goods Sold for the three months ended in Dec. 2020 was $67,111 Mil. Hence, Apple's Days Payable for the three months ended in Dec. 2020 was 72.16.

NAS:AAPL' s Days Payable Range Over the Past 10 Years
Min: 74.39   Med: 90.43   Max: 115.2
Current: 88.78
74.39
115.2

During the past 13 years, Apple's highest Days Payable was 115.20. The lowest was 74.39. And the median was 90.43.

NAS:AAPL's Days Payable is ranked higher than
65% of the 2279 Companies
in the Hardware industry.

( Industry Median: 67.66 vs. NAS:AAPL: 88.78 )

Apple's Days Payable declined from Dec. 2019 (73.63) to Dec. 2020 (72.16). It may suggest that Apple accelerated paying its suppliers.

Apple Days Payable Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Apple Annual Data
Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 101.11 105.50 111.59 115.20 95.29

Apple Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 73.63 98.42 83.53 88.52 72.16
Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.

Apple Days Payable Distribution

* The bar in red indicates where Apple's Days Payable falls into.


Apple Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Apple's Days Payable for the fiscal year that ended in Sep. 2020 is calculated as

Days Payable (A: Sep. 2020 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2019 ) + Accounts Payable (A: Sep. 2020 )) / count ) / Cost of Goods Sold (A: Sep. 2020 )*Days in Period
=( (46236 + 42296) / 2 ) / 169559*365
=44266 / 169559*365
=95.29

Apple's Days Payable for the quarter that ended in Dec. 2020 is calculated as:

Days Payable (Q: Dec. 2020 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2020 ) + Accounts Payable (Q: Dec. 2020 )) / count ) / Cost of Goods Sold (Q: Dec. 2020 )*Days in Period
=( (42296 + 63846) / 2 ) / 67111*365 / 4
=53071 / 67111*365 / 4
=72.16

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

Apple Days Payable Related Terms

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