Rite Aid (Rite Aid) Days Payable : 29.42 (As of Aug. 2023)

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Rite Aid Days Payable Definition

Rite Aid's average Accounts Payable for the three months ended in Aug. 2023 was $1,467 Mil. Rite Aid's Cost of Goods Sold for the three months ended in Aug. 2023 was $4,550 Mil. Hence, Rite Aid's Days Payable for the three months ended in Aug. 2023 was 29.42.

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

RADCQ' s Days Payable Range Over the Past 10 Years
Min: 23.36 Med: 29.99 Max: 35.58
Current: 28.79

During the past 13 years, Rite Aid's highest Days Payable was 35.58. The lowest was 23.36. And the median was 29.99.

RADCQ's Days Payable is ranked worse than
77.42% of 589 companies
in the Healthcare Providers & Services industry
Industry Median: 61.52 vs RADCQ: 28.79

Rite Aid's Days Payable increased from Aug. 2022 (28.58) to Aug. 2023 (29.42). It may suggest that Rite Aid delayed paying its suppliers.

Rite Aid Days Payable Historical Data

The historical data trend for Rite Aid'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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Rite Aid Days Payable Chart

Rite Aid Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Payable

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35.18

32.92

27.57

28.21

29.01

Rite Aid Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Days Payable	Get a 7-Day Free Trial															28.58	27.74	27.78	30.59	29.42

Competitive Comparison of Rite Aid's Days Payable

For the Pharmaceutical Retailers subindustry, Rite Aid'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.

Rite Aid Days Payable Distribution

For the Healthcare Providers & Services industry and Healthcare sector, Rite Aid's Days Payable distribution charts can be found below:

* The bar in red indicates where Rite Aid's Days Payable falls into.

Rite Aid 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.

Rite Aid's Days Payable for the fiscal year that ended in Feb. 2023 is calculated as

	Days Payable (A: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2022 )	+	Accounts Payable (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (1571.261	+	1494.611)	/	2 )	/	19287.959	*	365
=	1532.936					/	19287.959	*	365
=	29.01

Rite Aid's Days Payable for the quarter that ended in Aug. 2023 is calculated as:

	Days Payable (Q: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2023 )	+	Accounts Payable (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (1505.741	+	1428.286)	/	2 )	/	4550.485	*	365 / 4
=	1467.0135					/	4550.485	*	365 / 4
=	29.42

Rite Aid Days Payable Related Terms

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Rite Aid (Rite Aid) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Rite Aid Corp (OTCPK:RADCQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RTA1:Germany

Address

1200 Intrepid Avenue, PO Box 3165, Philadelphia, PA, USA, 17105

Website

https://www.riteaid.com

Rite Aid Corp is a large retail drugstore chain in the United States. The company reports via two segments: retail pharmacy and pharmacy services. The retail pharmacy segment generates revenue primarily through the sale of prescription drugs, along with an assortment of merchandise that includes over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and numerous other everyday consumables. The pharmacy-services segment relates to EnvisionRx, a fully owned subsidiary that operates as a pharmacy benefit management provider offering a broad range of pharmaceutical services.

Executives

Christopher W. Dupaul	officer: Chief Operating Officer	1200 INTREPID AVENUE, 2ND FLOOR, PHILADELPHIA PA 19112
Sabatino Thomas J Jr	officer: Chief Legal Officer	C/O JAN STERN REED BAXTER INTERNATIONAL, ONE BAXTER PARKWAY DF2 2W, DEERFIELD IL 60015
Steven Bixler	officer: Chief Accounting Officer	C/O RITE AID CORPORATION, 30 HUNTER LANE, CAMP HILL PA 17011
Heyward R Donigan	officer: Chief Executive Officer	452 DISCOVERY ROAD, VIRGINIA BEACH VA 23451
Jocelyn Z Konrad	officer: Executive VP	RITE AID CORPORATION, 30 HUNTER LANE, CAMP HILL PA 17011
Ray Smithberger	officer: SVP, Operations	30 HUNTER LANE, CAMP HILL PA 17011
Bari A Harlam	director	C/O MOHAWK GROUP HOLDINGS, INC., 37 EAST 18TH STREET, 7TH FLOOR, NEW YORK NY 10003
Paul D Gilbert	officer: EVP, Secretary&General Counsel	103 POWELL COURT, SUITE 200, BRENTWOOD TN 37027
Andre Persaud	officer: EVP, Retail	30 HUNTER LANE, CAMP HILL PA 17011
Dan Robson	officer: President, EnvisionRXOptions	30 HUNTER LANE, CAMP HILL PA 17011
James J Peters	officer: Chief Operating Officer	C/O NXSTAGE MEDICAL, INC., 350 MERRIMACK STREET, LAWRENCE MA 01843
James J Comitale	officer: EVP, General Counsel, Secy.	30 HUNTER LANE, CAMP HILL PA 17011
Jessica Kazmaier	officer: EVP, Chief HR Officer	30 HUNTER LANE, CAMP HILL PA 17011
Justin L. Mennen	officer: EVP, Chief Information Officer	30 HUNTER LANE, CAMP HILL PA 17011
Katherine B Quinn	director	US BANCORP, 800 NICOLLET MALL, MINNEAPOLIS MN 55402