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GuruFocus has detected 3 Warning Signs with CarMax Inc $KMX.
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CarMax Inc (NYSE:KMX)
Days Payable
12.95 (As of Feb. 2017)

CarMax Inc's payable for the three months ended in Feb. 2017 was $495 Mil. CarMax Inc's cost of goods sold for the three months ended in Feb. 2017 was $3,488 Mil. Hence, CarMax Inc's days payable for the three months ended in Feb. 2017 was 12.95.

KMX' s Days Payable Range Over the Past 10 Years
Min: 12.28   Max: 15.67
Current: 13.2

12.28
15.67

During the past 13 years, CarMax Inc's highest Days Payable was 15.67. The lowest was 12.28. And the median was 13.58.

KMX's Days Payable is ranked lower than
92% of the 992 Companies
in the Global Auto & Truck Dealerships industry.

( Industry Median: 59.03 vs. KMX: 13.20 )

CarMax Inc's days payable increased from Feb. 2016 (12.53) to Feb. 2017 (12.95). It may suggest that CarMax Inc delayed paying its suppliers.


Definition

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

CarMax Inc's Days Payable for the fiscal year that ended in Feb. 2017 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=494.989/13691.824*365
=13.20

CarMax Inc's Days Payable for the quarter that ended in Feb. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=494.989/3487.8*365 / 4
=12.95

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

CarMax Inc Annual Data

Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16Feb17
DaysPayable 15.6714.4214.5112.8313.7512.9414.2813.4112.2813.20

CarMax Inc Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
DaysPayable 14.1913.6611.7412.3112.4712.5311.6712.8713.6012.95
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