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RCM Technologies Inc  (NAS:RCMT) Days Payable: 8.43 (As of Sep. 2017)

RCM Technologies Inc's payable for the three months ended in Sep. 2017 was $3.0 Mil. RCM Technologies Inc's Cost of Goods Sold for the three months ended in Sep. 2017 was $32.1 Mil. Hence, RCM Technologies Inc's days payable for the three months ended in Sep. 2017 was 8.43.

NAS:RCMT' s Days Payable Range Over the Past 10 Years
Min: 8.2   Max: 41.24
Current: 8.2

8.2
41.24

During the past 13 years, RCM Technologies Inc's highest Days Payable was 41.24. The lowest was 8.20. And the median was 18.62.

NAS:RCMT's Days Payable is ranked lower than
89% of the 710 Companies
in the Global industry.

( Industry Median: 74.77 vs. NAS:RCMT: 8.20 )

RCM Technologies Inc's days payable declined from Sep. 2016 (18.24) to Sep. 2017 (8.43). It may suggest that RCM Technologies Inc accelerated paying its suppliers.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

RCM Technologies Inc Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41.24 11.27 17.10 24.53 19.11

RCM Technologies Inc Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.24 19.27 10.71 12.51 8.43

Competitive Comparison
* 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.


Calculation

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.

RCM Technologies Inc's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=6.776/129.418*365
=19.11

RCM Technologies Inc's Days Payable for the quarter that ended in Sep. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2.968/32.109*365 / 4
=8.43

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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