Restance (Restance) Days Payable : 15.21 (As of Sep. 2013)

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What is Restance Days Payable?

Restance's average Accounts Payable for the three months ended in Sep. 2013 was $0.00 Mil. Restance's Cost of Goods Sold for the three months ended in Sep. 2013 was $0.02 Mil. Hence, Restance's Days Payable for the three months ended in Sep. 2013 was 15.21.

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

ANCE's Days Payable is not ranked ^*
in the Real Estate industry.
Industry Median: 96.91
* Ranked among companies with meaningful Days Payable only.

Restance's Days Payable declined from Sep. 2012 (77.21) to Sep. 2013 (15.21). It may suggest that Restance accelerated paying its suppliers.

Restance Days Payable Historical Data

The historical data trend for Restance'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.

Restance Days Payable Chart

Restance Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Days Payable

79.84

80.22

52.93

28.24

Restance Quarterly Data
	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Days Payable	Get a 7-Day Free Trial													77.21	19.96	73.00	20.28	15.21

Competitive Comparison of Restance's Days Payable

For the Real Estate - Development subindustry, Restance'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.

Restance's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Restance's Days Payable distribution charts can be found below:

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

Restance 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.

Restance's Days Payable for the fiscal year that ended in Dec. 2012 is calculated as

	Days Payable (A: Dec. 2012 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2011 )	+	Accounts Payable (A: Dec. 2012 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2012 )	*	Days in Period
=	( (0.003	+	0.01)	/	2 )	/	0.084	*	365
=	0.0065					/	0.084	*	365
=	28.24

Restance's Days Payable for the quarter that ended in Sep. 2013 is calculated as:

	Days Payable (Q: Sep. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2013 )	+	Accounts Payable (Q: Sep. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2013 )	*	Days in Period
=	( (0.002	+	0.003)	/	2 )	/	0.015	*	365 / 4
=	0.0025					/	0.015	*	365 / 4
=	15.21

Restance Days Payable Related Terms

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Restance (Restance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Restance Inc (OTCPK:ANCE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

350 Madison Avenue, 21st Floor, New York, NY, USA, 10017

Website

Restance Inc is engaged in investment in real estate.

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