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GuruFocus has detected 4 Warning Signs with Red Hat Inc $RHT.
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Red Hat Inc (NYSE:RHT)
Days Payable
0.00 (As of May. 2017)

Red Hat Inc's payable for the three months ended in May. 2017 was $0 Mil. Red Hat Inc's cost of goods sold for the three months ended in May. 2017 was $101 Mil. Hence, Red Hat Inc's days payable for the three months ended in May. 2017 was 0.00.

RHT' s Days Payable Range Over the Past 10 Years
Min: 28.76   Max: 119.53
Current: 74.96

28.76
119.53

During the past 13 years, Red Hat Inc's highest Days Payable was 119.53. The lowest was 28.76. And the median was 68.62.

RHT's Days Payable is ranked higher than
69% of the 1368 Companies
in the Global Software - Application industry.

( Industry Median: 43.70 vs. RHT: 74.96 )

Red Hat Inc's days payable stayed the same from May. 2016 (0.00) to May. 2017 (0.00).


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.

Red Hat Inc's Days Payable for the fiscal year that ended in Feb. 2017 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=76.197/354.378*365
=78.48

Red Hat Inc's Days Payable for the quarter that ended in May. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=0/100.696*365 / 4
=0.00

* 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.

Red Hat Inc Annual Data

Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16Feb17
DaysPayable 78.4832.9352.8539.5562.65119.5328.7695.4174.5878.48

Red Hat Inc Quarterly Data

Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17May17
DaysPayable 92.810.000.000.0071.080.000.000.0075.410.00
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