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Richardson Electronics (NAS:RELL)
Days Payable
58.19 (As of May. 2015)

Richardson Electronics's payable for the three months ended in May. 2015 was $15.8 Mil. Richardson Electronics's cost of goods sold for the three months ended in May. 2015 was $24.7 Mil. Hence, Richardson Electronics's days payable for the three months ended in May. 2015 was 58.19.

Richardson Electronics's days payable increased from May. 2014 (44.64) to May. 2015 (58.19). It may suggest that Richardson Electronics 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.

Richardson Electronics's Days Payable for the fiscal year that ended in May. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=15.768/95.819*365
=60.06

Richardson Electronics's Days Payable for the quarter that ended in May. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=15.768/24.728*365 / 4
=58.19

* 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.

Richardson Electronics Annual Data

May06May07May08May09May10May11May12May13May14May15
DaysPayable 47.8347.7049.6450.0270.0957.6741.4552.2846.4560.06

Richardson Electronics Quarterly Data

Feb13May13Aug13Nov13Feb14May14Aug14Nov14Feb15May15
DaysPayable 50.0252.1644.5745.3944.1844.6446.8252.7843.3158.19
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