Apple (BSP:AAPL34) Days Payable

: 85.48 (As of Dec. 2023)

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Apple's average Accounts Payable for the three months ended in Dec. 2023 was R$297,060 Mil. Apple's Cost of Goods Sold for the three months ended in Dec. 2023 was R$317,115 Mil. Hence, Apple's Days Payable for the three months ended in Dec. 2023 was 85.48.

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

BSP:AAPL34' s Days Payable Range Over the Past 10 Years
Min: 83.17 Med: 99.08 Max: 115.2
Current: 92.38

During the past 13 years, Apple's highest Days Payable was 115.20. The lowest was 83.17. And the median was 99.08.

BSP:AAPL34's Days Payable is ranked better than
66.34% of 2418 companies
in the Hardware industry
Industry Median: 68.085 vs BSP:AAPL34: 92.38

Apple's Days Payable increased from Dec. 2022 (83.31) to Dec. 2023 (85.48). 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

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

115.04

83.49

84.00

97.35

111.38

Apple Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																83.31	87.41	93.28	100.89	85.48

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. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (336193.414	+	309216.946)	/	2 )	/	1057558.402	*	365
=	322705.18					/	1057558.402	*	365
=	111.38

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

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (309216.946	+	284903.771)	/	2 )	/	317115.056	*	365 / 4
=	297060.3585					/	317115.056	*	365 / 4
=	85.48

Apple Days Payable Related Terms

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Apple (BSP:AAPL34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Apple Inc (BSP:AAPL34) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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

Address

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

Website

https://www.apple.com

Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.

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