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RCI Hospitality Holdings (RCI Hospitality Holdings) Days Payable : 16.36 (As of Dec. 2023)


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What is RCI Hospitality Holdings Days Payable?

RCI Hospitality Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $5.7 Mil. RCI Hospitality Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $31.7 Mil. Hence, RCI Hospitality Holdings's Days Payable for the three months ended in Dec. 2023 was 16.36.

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

RICK' s Days Payable Range Over the Past 10 Years
Min: 11.56   Med: 15.58   Max: 26.85
Current: 19.1

During the past 13 years, RCI Hospitality Holdings's highest Days Payable was 26.85. The lowest was 11.56. And the median was 15.58.

RICK's Days Payable is ranked worse than
85.88% of 340 companies
in the Restaurants industry
Industry Median: 38.325 vs RICK: 19.10

RCI Hospitality Holdings's Days Payable declined from Dec. 2022 (17.57) to Dec. 2023 (16.36). It may suggest that RCI Hospitality Holdings accelerated paying its suppliers.


RCI Hospitality Holdings Days Payable Historical Data

The historical data trend for RCI Hospitality Holdings'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.

RCI Hospitality Holdings Days Payable Chart

RCI Hospitality Holdings Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.19 26.85 20.83 17.28 17.85

RCI Hospitality Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Payable Get a 7-Day Free Trial 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 17.57 20.66 22.74 20.31 16.36

Competitive Comparison of RCI Hospitality Holdings's Days Payable

For the Restaurants subindustry, RCI Hospitality Holdings'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.


RCI Hospitality Holdings's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, RCI Hospitality Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where RCI Hospitality Holdings's Days Payable falls into.



RCI Hospitality Holdings 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.

RCI Hospitality Holdings's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

Days Payable (A: Sep. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2022 ) + Accounts Payable (A: Sep. 2023 )) / count ) / Cost of Goods Sold (A: Sep. 2023 )*Days in Period
=( (5.482 + 6.111) / 2 ) / 118.502*365
=5.7965 / 118.502*365
=17.85

RCI Hospitality Holdings's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

Days Payable (Q: Dec. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (6.111 + 5.254) / 2 ) / 31.691*365 / 4
=5.6825 / 31.691*365 / 4
=16.36

* 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.


RCI Hospitality Holdings Days Payable Related Terms

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RCI Hospitality Holdings (RCI Hospitality Holdings) Business Description

Traded in Other Exchanges
Address
10737 Cutten Road, Houston, TX, USA, 77066
RCI Hospitality Holdings Inc through its subsidiaries owns and operates establishments that offer live adult entertainment, restaurant, and or bar operations. It also owns and operates a communication company serving the adult nightclubs industry. The company's operating business segments are Nightclubs, Bombshells, and Others. It operates nightclubs through the following brand's Rick's Cabaret, Vivid Cabaret, Tootsie's Cabaret, Club Onyx, and Jaguars Club. In the Bombshells segment, the company is building a chain of Restaurants and Sports Bars in Dallas, Austin, and Houston, Texas. It derives majority revenue from the Nightclubs segment that engages in the sale of alcoholic beverages, food, and merchandise items; service in the form of cover charge, dance fees, and room rentals.
Executives
Adw Capital Management, Llc 10 percent owner 6431 ALLISON ROAD, MIAMI BEACH FL 33141
Johnson Martin Elaine director 10737 CUTTEN ROAD, HOUSTON TX 77066
Yura V Barabash director 10737 CUTTEN ROAD, HOUSTON TX 77066
Bradley Lim Chhay officer: Chief Financial Officer 10737 CUTTEN ROAD, HOUSTON TX 77066
Travis Reese director, officer: Vice-president 10959 CUTTEN ROAD, HOUSTON TX 77066
Eric Scott Langan director, 10 percent owner, officer: President 3113 BERING DR, HOUSTON TX 77057
Adam D Wyden 10 percent owner 1133 BROADWAY, SUITE 719, NEW YORK NY 10010
Adw Capital Partners, L.p. 10 percent owner 6431 ALLISON ROAD, MIAMI BEACH FL 33141
Allan Priaulx Arthur director 10737 CUTTEN ROAD, HOUSTON TX 77066
Phillip Kent Marshall officer: CFO 10959 CUTTEN ROAD, HOUSTON TX 77066
Luke Charles Lirot director 2240 BELLEAIR RD., SUITE 190, CLEARWATER FL 33764
Robert L Watter director 10959 CUTTEN ROAD, HOUSTON TX 77066
Steven L Jenkins director 16815 ROYAL CREST DRIVE SUITE 160, HOUSTON TX 77058
Nour-dean Anakar director 3978 SORRENTO VALLEY DRIVE, SUITE 100, SAN DIEGO CA 92121
Alan Bergstrom director 10959 CUTTEN ROAD, HOUSTON TX 77066