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Rite Aid Corp (NYSE:RAD)
Days Payable
23.07 (As of Nov. 2014)

Rite Aid Corp's payable for the three months ended in Nov. 2014 was $1,206 Mil. Rite Aid Corp's cost of goods sold for the three months ended in Nov. 2014 was $4,769 Mil. Hence, Rite Aid Corp's days payable for the three months ended in Nov. 2014 was 23.07.

Rite Aid Corp's days payable declined from Nov. 2013 (27.98) to Nov. 2014 (23.07). It may suggest that Rite Aid Corp accelerated 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.

Rite Aid Corp's Days Payable for the fiscal year that ended in Feb. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1292.419/18202.679*365
=25.92

Rite Aid Corp's Days Payable for the quarter that ended in Nov. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1205.887/4769.02*365 / 4
=23.07

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Rite Aid Corp Annual Data

Feb05Feb06Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14
DaysPayable 22.6625.0325.9329.4223.8322.4525.7726.9427.9625.92

Rite Aid Corp Quarterly Data

Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14Nov14
DaysPayable 25.4029.6428.6727.8728.9627.9825.0326.7023.7823.07
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