Richardson Electronics (Richardson Electronics) Days Payable

: 50.51 (As of Feb. 2024)

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Richardson Electronics's average Accounts Payable for the three months ended in Feb. 2024 was $20.4 Mil. Richardson Electronics's Cost of Goods Sold for the three months ended in Feb. 2024 was $36.9 Mil. Hence, Richardson Electronics's Days Payable for the three months ended in Feb. 2024 was 50.51.

The historical rank and industry rank for Richardson Electronics's Days Payable or its related term are showing as below:

RELL' s Days Payable Range Over the Past 10 Years
Min: 48.46 Med: 55.56 Max: 60.5
Current: 55.05

During the past 13 years, Richardson Electronics's highest Days Payable was 60.50. The lowest was 48.46. And the median was 55.56.

RELL's Days Payable is ranked worse than
62.78% of 2418 companies
in the Hardware industry
Industry Median: 68.085 vs RELL: 55.05

Richardson Electronics's Days Payable increased from Feb. 2023 (46.89) to Feb. 2024 (50.51). It may suggest that Richardson Electronics delayed paying its suppliers.

Richardson Electronics Days Payable Historical Data

The historical data trend for Richardson Electronics's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Richardson Electronics Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Payable

58.04

58.95

53.08

48.89

48.46

Richardson Electronics Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable																46.89	51.86	57.78	63.11	50.51

Competitive Comparison

For the Electronic Components subindustry, Richardson Electronics's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Richardson Electronics Days Payable Distribution

For the Hardware industry and Technology sector, Richardson Electronics's Days Payable distribution charts can be found below:

* The bar in red indicates where Richardson Electronics's Days Payable falls into.

Richardson Electronics Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Richardson Electronics's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (23.987	+	23.535)	/	2 )	/	178.969	*	365
=	23.761					/	178.969	*	365
=	48.46

Richardson Electronics's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (22.505	+	18.393)	/	2 )	/	36.939	*	365 / 4
=	20.449					/	36.939	*	365 / 4
=	50.51

Richardson Electronics Days Payable Related Terms

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Richardson Electronics (Richardson Electronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Richardson Electronics Ltd (NAS:RELL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RE3:Germany

Address

40W267 Keslinger Road, P.O. Box 393, LaFox, IL, USA, 60147-0393

Website

https://www.rell.com

Richardson Electronics Ltd provides engineered solutions, power grid, and microwave tubes and related consumables, power conversion, RF and microwave components, high-value flat panel detector solutions, replacement parts, tubes, and service training for diagnostic imaging equipment and customized display solutions. Its products have applications in alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The company segments include PMT (Power and Microwave Technologies Group), Canvys, (Green Energy Solutions) GES, and Healthcare reportable segments. The company derives the majority of its revenues from the PMT segment.

Executives

Robert H Kluge	director	C/O RICHARDSON ELECTRONICS, LTD., 40W267 KESLINGER ROAD P.O. BOX 393, LAFOX IL 60147
Kathleen Mcnally	officer: Sr. VP Global Supply Chain	C/O RICHARDSON ELECTRONICS, LTD., PO BOX 393, 40W267 KESLINGER ROAD, LAFOX IL 60147-0393
Wendy Diddell	officer: EVP Corporate Development	C/O RICHARDSON ELECTRONICS, LTD., PO BOX 393, 40W267 KESLINGER ROAD, LAFOX IL 60147
Gregory J Peloquin	officer: EVP, EDG	40W267 KESLINGER RD, P O BOX 393, LAFOX IL 60147-0393
Paul J Plante	director	C/O RICHARDSON ELECTRONICS, LTD., PO BOX 393, 40W267 KESLINGER RD., LAFOX IL 60147
Jacques Belin	director	40W267 KESLINGER RD., LAFOX IL 60147
James Benham	director	40W267 KESLINGER RD., LAFOX IL 60147
Kenneth Halverson	director	40W267 KESLINGER RD., LAFOX IL 60147
Jens Frank Ruppert	officer: EVP Canvys	40W267 KESLINGER ROAD, P.O. BOX 393, LAFOX IL 60147
Robert J Ben	officer: CFO, CAO, Corporate Secretary	40W267 KESLINGER ROAD PO BOX 393, LAFOX IL 60147
Fitzgerald Patrick Thomas Iii	officer: EVP Healthcare	40W267 KESLINGER ROAD, P.O. BOX 393, LAFOX IL 60147
James Dudek	officer: Controller & Chief Accounting	C/O RICHARDSON ELECTRONICS, LTD, PO BOX 393, 40W267 KESLINGER ROAD, LAFOX IL 60147
Kathleen S Dvorak	officer: EVP & CFO	C/O RICHARDSON ELECTRONICS, LTD, PO BOX 393, 40W267 KESLINGER ROAD, LAFOX IL 60147
Edward J Richardson	director, 10 percent owner, officer: Chairman & CEO	C/O RICHARDSON ELECTRONICS, LTD, PO BOX 393, 40W267 KESLINGER ROAD, LAFOX IL 60147
Sandeep Beotra	officer: EVP Mergers & Acquisitions	40W267 KESLINGER RD., LAFOX IL 60147