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Rite Aid Corp (NYSE:RAD)
Days Payable
24.13 (As of May. 2016)

Rite Aid Corp's payable for the three months ended in May. 2016 was $1,663 Mil. Rite Aid Corp's cost of goods sold for the three months ended in May. 2016 was $6,290 Mil. Hence, Rite Aid Corp's days payable for the three months ended in May. 2016 was 24.13.

RAD' s Days Payable Range Over the Past 10 Years
Min: 21.83   Max: 29.42
Current: 24.98

21.83
29.42

During the past 13 years, Rite Aid Corp's highest Days Payable was 29.42. The lowest was 21.83. And the median was 25.85.

RAD's Days Payable is ranked lower than
78% of the 272 Companies
in the Global Pharmaceutical Retailers industry.

( Industry Median: 43.35 vs. RAD: 24.98 )

Rite Aid Corp's days payable increased from May. 2015 (22.25) to May. 2016 (24.13). It may suggest that Rite Aid Corp 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.

Rite Aid Corp's Days Payable for the fiscal year that ended in Feb. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1542.797/22910.402*365
=24.58

Rite Aid Corp's Days Payable for the quarter that ended in May. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1663.436/6289.881*365 / 4
=24.13

* 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

Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16
DaysPayable 25.9329.4223.8322.4525.7726.9427.9625.9221.8324.58

Rite Aid Corp Quarterly Data

May14Aug14Nov14Feb15May15Aug15Nov15Feb16May16Aug16
DaysPayable 26.7023.7823.0721.1422.2525.3424.6822.6024.1325.31
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