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Richardson Electronics (NAS:RELL)
Days Payable
31.13 (As of Feb. 2014)

Richardson Electronics's payable for the three months ended in Feb. 2014 was $11.2 Mil. Richardson Electronics's revenue for the three months ended in Feb. 2014 was $32.9 Mil. Hence, Richardson Electronics's days payable for the three months ended in Feb. 2014 was 31.13.

Richardson Electronics's days payable declined from Feb. 2013 (35.18) to Feb. 2014 (31.13). It may suggest that Richardson Electronics 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.

Richardson Electronics's Days Payable for the fiscal year that ended in May. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=15.446/141.066*365
=39.97

Richardson Electronics's Days Payable for the quarter that ended in Feb. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=11.248/32.884*91
=31.13

* 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

May04May05May06May07May08May09May10May11May12May13
DaysPayable 23.5031.1636.2136.3737.8038.9748.7140.9331.9339.97

Richardson Electronics Quarterly Data

Nov11Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14
DaysPayable 33.8734.1532.3328.5734.7135.1839.9531.2331.2131.13
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