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GuruFocus has detected 2 Warning Signs with RCM Technologies Inc $RCMT.
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RCM Technologies Inc (NAS:RCMT)
Days Payable
19.27 (As of Dec. 2016)

RCM Technologies Inc's payable for the three months ended in Dec. 2016 was $6.8 Mil. RCM Technologies Inc's cost of goods sold for the three months ended in Dec. 2016 was $32.1 Mil. Hence, RCM Technologies Inc's days payable for the three months ended in Dec. 2016 was 19.27.

RCMT' s Days Payable Range Over the Past 10 Years
Min: 11.27   Max: 41.24
Current: 19.11

11.27
41.24

During the past 13 years, RCM Technologies Inc's highest Days Payable was 41.24. The lowest was 11.27. And the median was 18.62.

RCMT's Days Payable is ranked higher than
94% of the 657 Companies
in the Global Engineering & Construction industry.

( Industry Median: 82.51 vs. RCMT: 19.11 )

RCM Technologies Inc's days payable declined from Dec. 2015 (24.34) to Dec. 2016 (19.27). It may suggest that RCM Technologies Inc 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.

RCM Technologies Inc's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=6.776/129.418*365
=19.11

RCM Technologies Inc's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=6.776/32.092*365 / 4
=19.27

* 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.

RCM Technologies Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 18.120.000.000.000.0041.2411.2717.1024.5319.11

RCM Technologies Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 19.2816.8814.2514.6512.7324.3417.0015.0418.2419.27
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