Apple (NAS:AAPL) Days Payable

: 90.12 (As of Jun. 2023)

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Apple's average Accounts Payable for the three months ended in Jun. 2023 was $44,822 Mil. Apple's Cost of Goods Sold for the three months ended in Jun. 2023 was $45,384 Mil. Hence, Apple's Days Payable for the three months ended in Jun. 2023 was 90.12.

The historical rank and industry rank for Apple's Days Payable or its related term are showing as below:

AAPL' s Days Payable Range Over the Past 10 Years
Min: 74.54 Med: 96.17 Max: 115.2
Current: 87.43

During the past 13 years, Apple's highest Days Payable was 115.20. The lowest was 74.54. And the median was 96.17.

AAPL's Days Payable is ranked better than
63.84% of 2409 companies
in the Hardware industry
Industry Median: 69.33 vs AAPL: 87.43

Apple's Days Payable declined from Jun. 2022 (97.92) to Jun. 2023 (90.12). It may suggest that Apple accelerated paying its suppliers.

Apple Days Payable Historical Data

The historical data trend for Apple's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Apple Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Days Payable

111.59

115.20

95.29

83.17

97.05

Apple Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Payable																97.92	98.57	83.32	87.06	90.12

Competitive Comparison

For the Consumer Electronics subindustry, Apple's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* 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. Note that "N/A" values will not show up in the chart.

Annual Data Quarterly Data

Apple Days Payable Distribution

For the Hardware industry and Technology sector, Apple's Days Payable distribution charts can be found below:

* The bar in red indicates where Apple's Days Payable falls in comparison to its industry or sector. The grey bar indicates the Days Payable's extreme value range as defined by GuruFocus.

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. 2022 is calculated as

	Days Payable (A: Sep. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2021 )	+	Accounts Payable (A: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2022 )	*	Days in Period
=	( (54763	+	64115)	/	2 )	/	223546	*	365
=	59439					/	223546	*	365
=	97.05

Apple's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (42945	+	46699)	/	2 )	/	45384	*	365 / 4
=	44822					/	45384	*	365 / 4
=	90.12

Apple Days Payable Related Terms

Thank you for viewing the detailed overview of Apple's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Apple (NAS:AAPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Apple Inc (NAS:AAPL) » Definitions » Days Payable

Traded in Other Exchanges

AAPL:Peru AAPL:Mexico AAPL:Italy APCd:UK 0R2V:UK APC:Germany AAPL:Chile AAPL:Canada AAPL34:Brazil AAPL:Austria AAPL:Argentina

Address

One Apple Park Way, Cupertino, CA, USA, 95014

Website

https://www.apple.com

Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), and AirPods, among others. In addition, Apple offers its customers a variety of services such as Apple Music, iCloud, Apple Care, Apple TV+, Apple Arcade, Apple Fitness, Apple Card, and Apple Pay, among others. Apple's products include internally developed software and semiconductors, and the firm is well known for its integration of hardware, software, semiconductors, and services. Apple's products are distributed online as well as through company-owned stores and third-party retailers.

Executives

Alex Gorsky	director	JOHNSON & JOHNSON, ONE JOHNSON & JOHNSON PLAZA, NEW BRUNSWICK NJ 08933
Monica C Lozano	director
Deirdre O'brien	officer: Senior Vice President	ONE APPLE PARK WAY, CUPERTINO CA 95014
Robert A Iger	director	C/O WALT DISNEY CO, 500 S BUENA VISTA STREET, BURBANK CA 91521-1062
Andrea Jung	director	C/O APPLE INC, ONE APPLE PARK WAY, CUPERTINO CA 95014
Susan Wagner	director	C/O BLACKROCK, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
James A Bell	director	C/O THE DOW CHEMICAL COMPANY, 2211 H.H. DOW WAY, MIDLAND MI 48674
Albert Jr Gore	director	C/O APPLE INC, 1 INFINITE LOOP, CUPERTINO CA 95014
Ronald D Sugar	director	10877 WILSHIRE BLVD., SUITE 1650, LOS ANGELES CA 900274
Katherine L. Adams	officer: SVP, General Counsel	APPLE INC., 1 INFINITE LOOP, CUPERTINO CA 95014
Luca Maestri	officer: Senior Vice President, CFO	1 INFINITE LOOP, CUPERTINO CA 95014
Angela J Ahrendts	officer: Senior Vice President	1 INFINITE LOOP, CUPERTINO CA 95014
Jeffrey E Williams	officer: COO	ONE INFINITE LOOP, CUPERTINO CA 95014
Philip W Schiller	officer: Senior Vice President	C/O APPLE INC, ONE INFINITE LOOP, CUPERTINO CA 95014
Eduardo H Cue	officer: Senior Vice President	1 INFINITE LOOP, CUPERTINO CA 95014