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Richardson Electronics Ltd (NAS:RELL)
Days Payable
49.63 (As of Aug. 2016)

Richardson Electronics Ltd's payable for the three months ended in Aug. 2016 was $12.6 Mil. Richardson Electronics Ltd's cost of goods sold for the three months ended in Aug. 2016 was $23.1 Mil. Hence, Richardson Electronics Ltd's days payable for the three months ended in Aug. 2016 was 49.63.

RELL' s Days Payable Range Over the Past 10 Years
Min: 41.45   Max: 70.09
Current: 48.59

41.45
70.09

During the past 13 years, Richardson Electronics Ltd's highest Days Payable was 70.09. The lowest was 41.45. And the median was 51.15.

RELL's Days Payable is ranked lower than
60% of the 1773 Companies
in the Global Electronics Distribution industry.

( Industry Median: 57.63 vs. RELL: 48.59 )

Richardson Electronics Ltd's days payable declined from Aug. 2015 (50.53) to Aug. 2016 (49.63). It may suggest that Richardson Electronics Ltd 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 Ltd's Days Payable for the fiscal year that ended in May. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=14.896/97.181*365
=55.95

Richardson Electronics Ltd's Days Payable for the quarter that ended in Aug. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=12.581/23.133*365 / 4
=49.63

* 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.

Richardson Electronics Ltd Annual Data

May07May08May09May10May11May12May13May14May15May16
DaysPayable 47.7049.6450.0270.0957.6741.4552.2846.4560.0655.95

Richardson Electronics Ltd Quarterly Data

May14Aug14Nov14Feb15May15Aug15Nov15Feb16May16Aug16
DaysPayable 44.6446.8252.7843.3158.1950.5352.4153.9351.9249.63
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