Apple's average Accounts Payable for the
three
months ended in Mar. 2022 was $63,522 Mil. Apple's Cost of Goods Sold for the
three
months ended in Mar. 2022 was $54,719 Mil.
Hence, Apple's Days Payable for the
three
months ended in Mar. 2022 was 105.93.
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: 74.39 Med: 90.43 Max: 115.2
Current: 87.53
During the past 13 years, Apple's highest Days Payable was 115.20. The lowest was 74.39. And the median was 90.43.
AAPL's Days Payable is ranked better than 63.92% of 2331
companies
in the Hardware industry
Industry Median: 69.17
vs AAPL: 87.53
Apple's Days Payable
increased
from Mar. 2021 (92.10) to Mar. 2022 (105.93).
It may suggest that Apple delayed 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
Sep12
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Days Payable
105.50
111.59
115.20
95.29
83.17
Apple Quarterly Data
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Days Payable
92.10
79.57
90.11
84.52
105.93
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.
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 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. 2021 is calculated as
* 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.
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 designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), AirPods, and TV boxes (Apple TV), among others. The iPhone makes up the majority of Apple's total revenue. In addition, Apple offers its customers a variety of services such as Apple Music, iCloud, Apple Care, Apple TV+, Apple Arcade, Apple Card, and Apple Pay, among others. Apple's products run internally developed software and semiconductors, and the firm is well known for its integration of hardware, software and services. Apple's products are distributed online as well as through company-owned stores and third-party retailers. The company generates roughly 40% of its revenue from the Americas, with the remainder earned internationally.
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