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Richardson Electronics Ltd (NAS:RELL)
Days Payable
53.93 (As of Feb. 2016)

Richardson Electronics Ltd's payable for the three months ended in Feb. 2016 was $12.7 Mil. Richardson Electronics Ltd's cost of goods sold for the three months ended in Feb. 2016 was $21.5 Mil. Hence, Richardson Electronics Ltd's days payable for the three months ended in Feb. 2016 was 53.93.

RELL' s Days Payable Range Over the Past 10 Years
Min: 17.64   Max: 60.06
Current: 48.55

17.64
60.06

During the past 13 years, Richardson Electronics Ltd's highest Days Payable was 60.06. The lowest was 17.64. And the median was 48.67.

RELL's Days Payable is ranked lower than
57% of the 1871 Companies
in the Global Electronics Distribution industry.

( Industry Median: 54.31 vs. RELL: 48.55 )

Richardson Electronics Ltd's days payable increased from Feb. 2015 (43.31) to Feb. 2016 (53.93). It may suggest that Richardson Electronics Ltd 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 Ltd'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 Ltd's Days Payable for the quarter that ended in Feb. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=12.732/21.541*365 / 4
=53.93

* 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 Ltd Annual Data

May06May07May08May09May10May11May12May13May14May15
DaysPayable 39.7447.7049.6450.0217.6457.6741.4552.2846.4560.06

Richardson Electronics Ltd Quarterly Data

Nov13Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16
DaysPayable 45.3944.1844.6446.8252.7843.3158.1950.5352.4153.93
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