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RCM Technologies Inc (NAS:RCMT)
Days Payable
19.28 (As of Sep. 2014)

RCM Technologies Inc's payable for the three months ended in Sep. 2014 was $7.0 Mil. RCM Technologies Inc's cost of goods sold for the three months ended in Sep. 2014 was $33.2 Mil. Hence, RCM Technologies Inc's days payable for the three months ended in Sep. 2014 was 19.28.

RCM Technologies Inc's days payable increased from Sep. 2013 (17.30) to Sep. 2014 (19.28). It may suggest that RCM Technologies Inc 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.

RCM Technologies Inc's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=3.905/126.417*365
=11.27

RCM Technologies Inc's Days Payable for the quarter that ended in Sep. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=7.021/33.221*365 / 4
=19.28

* 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.

RCM Technologies Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 38.4939.6417.6418.120.000.000.000.0041.2411.27

RCM Technologies Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
DaysPayable 31.7514.1840.6331.2619.5417.3010.4610.7617.0319.28
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