Switch to:
Rite Aid Corp (NYSE:RAD)
Days Payable
21.14 (As of Feb. 2015)

Rite Aid Corp's payable for the three months ended in Feb. 2015 was $1,134 Mil. Rite Aid Corp's cost of goods sold for the three months ended in Feb. 2015 was $4,892 Mil. Hence, Rite Aid Corp's days payable for the three months ended in Feb. 2015 was 21.14.

Rite Aid Corp's days payable declined from Feb. 2014 (25.03) to Feb. 2015 (21.14). 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. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1133.52/18951.645*365
=21.83

Rite Aid Corp's Days Payable for the quarter that ended in Feb. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1133.52/4892.068*365 / 4
=21.14

* 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

Feb06Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15
DaysPayable 25.0325.9329.4223.8322.4525.7726.9427.9625.9221.83

Rite Aid Corp Quarterly Data

Nov12Feb13May13Aug13Nov13Feb14May14Aug14Nov14Feb15
DaysPayable 29.6428.6727.8728.9627.9825.0326.7023.7823.0721.14
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)

GuruFocus Premium Plus Membership

FEEDBACK