Micron Technology (WBO:MU) Days Payable : 34.89 (As of Feb. 2024)

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What is Micron Technology Days Payable?

Micron Technology's average Accounts Payable for the three months ended in Feb. 2024 was €1,682 Mil. Micron Technology's Cost of Goods Sold for the three months ended in Feb. 2024 was €4,399 Mil. Hence, Micron Technology's Days Payable for the three months ended in Feb. 2024 was 34.89.

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

WBO:MU' s Days Payable Range Over the Past 10 Years
Min: 33.52 Med: 41.59 Max: 48.4
Current: 34.52

During the past 13 years, Micron Technology's highest Days Payable was 48.40. The lowest was 33.52. And the median was 41.59.

WBO:MU's Days Payable is ranked worse than
71.8% of 961 companies
in the Semiconductors industry
Industry Median: 51.94 vs WBO:MU: 34.52

Micron Technology's Days Payable increased from Feb. 2023 (33.23) to Feb. 2024 (34.89). It may suggest that Micron Technology delayed paying its suppliers.

Micron Technology Days Payable Historical Data

The historical data trend for Micron Technology'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.

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Micron Technology Days Payable Chart

Micron Technology Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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47.51

48.74

41.42

39.44

43.38

Micron Technology Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															33.23	34.63	34.59	32.90	34.89

Competitive Comparison of Micron Technology's Days Payable

For the Semiconductors subindustry, Micron Technology'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.

Micron Technology's Days Payable Distribution in the Semiconductors Industry

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

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

Micron Technology 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.

Micron Technology's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (2114.154	+	1581.825)	/	2 )	/	15548.652	*	365
=	1847.9895					/	15548.652	*	365
=	43.38

Micron Technology's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (1590.204	+	1773.351)	/	2 )	/	4398.615	*	365 / 4
=	1681.7775					/	4398.615	*	365 / 4
=	34.89

Micron Technology Days Payable Related Terms

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Micron Technology (WBO:MU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Micron Technology Inc (WBO:MU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MU:USA MU:Peru MU:Mexico MU_KZ:Kazakhstan MU:Italy MTEd:UK 0R2T:UK MTE:Germany MUTC34:Brazil

Address

8000 South Federal Way, Post Office Box 6, Boise, ID, USA, 83716-9632

Website

https://www.micron.com

Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.