Switch to:
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
Rite Aid Corp (NYSE:RAD)
Days Payable
22.75 (As of Feb. 2017)

Rite Aid Corp's payable for the three months ended in Feb. 2017 was $1,614 Mil. Rite Aid Corp's cost of goods sold for the three months ended in Feb. 2017 was $6,473 Mil. Hence, Rite Aid Corp's days payable for the three months ended in Feb. 2017 was 22.75.

RAD' s Days Payable Range Over the Past 10 Years
Min: 21.83   Max: 29.42
Current: 26.35

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
77% of the 264 Companies
in the Global Pharmaceutical Retailers industry.

( Industry Median: 48.66 vs. RAD: 26.35 )

Rite Aid Corp's days payable increased from Feb. 2016 (22.60) to Feb. 2017 (22.75). 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. 2017 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1613.909/25071.008*365
=23.50

Rite Aid Corp's Days Payable for the quarter that ended in Feb. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1613.909/6473.198*365 / 4
=22.75

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Rite Aid Corp Annual Data

Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16Feb17
DaysPayable 29.4223.8322.4525.7726.9427.9625.9221.8324.5823.50

Rite Aid Corp Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
DaysPayable 23.0721.1422.2525.3424.6822.6024.1325.3126.4022.75
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK