Reitmans (Canada) (Reitmans (Canada)) Days Payable : 15.76 (As of Jan. 2024)

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What is Reitmans (Canada) Days Payable?

Reitmans (Canada)'s average Accounts Payable for the three months ended in Jan. 2024 was $13.6 Mil. Reitmans (Canada)'s Cost of Goods Sold for the three months ended in Jan. 2024 was $79.0 Mil. Hence, Reitmans (Canada)'s Days Payable for the three months ended in Jan. 2024 was 15.76.

The historical rank and industry rank for Reitmans (Canada)'s Days Payable or its related term are showing as below:

RTMAF' s Days Payable Range Over the Past 10 Years
Min: 2 Med: 69.1 Max: 90.22
Current: 18.61

During the past 13 years, Reitmans (Canada)'s highest Days Payable was 90.22. The lowest was 2.00. And the median was 69.10.

RTMAF's Days Payable is ranked worse than
86.02% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.94 vs RTMAF: 18.61

Reitmans (Canada)'s Days Payable declined from Jan. 2023 (36.35) to Jan. 2024 (15.76). It may suggest that Reitmans (Canada) accelerated paying its suppliers.

Reitmans (Canada) Days Payable Historical Data

The historical data trend for Reitmans (Canada)'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.

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Reitmans (Canada) Days Payable Chart

Reitmans (Canada) Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Payable

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78.93

47.76

1.99

10.18

20.64

Reitmans (Canada) Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															36.35	18.51	17.89	21.10	15.76

Competitive Comparison of Reitmans (Canada)'s Days Payable

For the Apparel Retail subindustry, Reitmans (Canada)'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.

Reitmans (Canada)'s Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Reitmans (Canada)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Reitmans (Canada)'s Days Payable falls into.

Reitmans (Canada) 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.

Reitmans (Canada)'s Days Payable for the fiscal year that ended in Jan. 2024 is calculated as

	Days Payable (A: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2023 )	+	Accounts Payable (A: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2024 )	*	Days in Period
=	( (13.621	+	17.019)	/	2 )	/	270.941	*	365
=	15.32					/	270.941	*	365
=	20.64

Reitmans (Canada)'s Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (10.275	+	17.019)	/	2 )	/	79.023	*	365 / 4
=	13.647					/	79.023	*	365 / 4
=	15.76

Reitmans (Canada) Days Payable Related Terms

Thank you for viewing the detailed overview of Reitmans (Canada)'s Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Reitmans (Canada) (Reitmans (Canada)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Reitmans (Canada) Ltd (OTCPK:RTMAF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RTMNF:USA CX40:Germany RET.A:Canada RET:Canada

Address

155 Wellington Street West, 40th Floor, Toronto, ON, CAN, M5V 3J7

Website

https://www.reitmans.com

Reitmans (Canada) Ltd is an apparel retailer based in Canada. Its main business is the sale of ladies' specialty apparel to consumers. The product offering comprises Tops, Bottoms, Dresses, Coats and Jackets, Blazers, Lingerie and Sleepwear, among others. It also sells accessories such as Scarves, Bags, Belts, Sunglasses and others. The company operates an e-commerce website shopping for all its banners. Some of its revenue sources are from the sale of merchandise, customer loyalty award programs and sale of gift cards. The group offers its products through the retail banners of Reitmans, Penningtons and RW & CO. The Company's operating segments, operate in the women apparel business, in Canada.

Reitmans (Canada) (Reitmans (Canada)) Headlines

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