Radius Recycling (FRA:SS1A) Days Payable : 30.79 (As of Feb. 2024)

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What is Radius Recycling Days Payable?

Radius Recycling's average Accounts Payable for the three months ended in Feb. 2024 was €182 Mil. Radius Recycling's Cost of Goods Sold for the three months ended in Feb. 2024 was €539 Mil. Hence, Radius Recycling's Days Payable for the three months ended in Feb. 2024 was 30.79.

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

FRA:SS1A' s Days Payable Range Over the Past 10 Years
Min: 15.74 Med: 21.48 Max: 30.28
Current: 29.26

During the past 13 years, Radius Recycling's highest Days Payable was 30.28. The lowest was 15.74. And the median was 21.48.

FRA:SS1A's Days Payable is ranked worse than
67.41% of 586 companies
in the Steel industry
Industry Median: 41.325 vs FRA:SS1A: 29.26

Radius Recycling's Days Payable increased from Feb. 2023 (27.20) to Feb. 2024 (30.79). It may suggest that Radius Recycling delayed paying its suppliers.

Radius Recycling Days Payable Historical Data

The historical data trend for Radius Recycling'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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Radius Recycling Days Payable Chart

Radius Recycling Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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22.99

27.19

22.64

22.69

31.45

Radius Recycling Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															27.20	27.21	30.51	29.42	30.79

Competitive Comparison of Radius Recycling's Days Payable

For the Steel subindustry, Radius Recycling'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.

Radius Recycling's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Radius Recycling's Days Payable distribution charts can be found below:

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

Radius Recycling 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.

Radius Recycling's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (214.859	+	192.041)	/	2 )	/	2360.828	*	365
=	203.45					/	2360.828	*	365
=	31.45

Radius Recycling's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (185.326	+	178.169)	/	2 )	/	538.584	*	365 / 4
=	181.7475					/	538.584	*	365 / 4
=	30.79

Radius Recycling Days Payable Related Terms

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Radius Recycling (FRA:SS1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Radius Recycling Inc (FRA:SS1A) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RDUS:USA

Address

299 SW Clay Street, Suite 350, Portland, OR, USA, 97201

Website

https://www.radiusrecycling.com

Schnitzer Steel Industries Inc is one of the ferrous and nonferrous scrap metal recyclers in the U.S. Its metal recycling business collects and recycles auto bodies, rail cars, appliances, machinery, and construction demolition. Additionally, Schnitzer operates an auto-parts business that purchases obsolete vehicles and sells any useful parts to retail customers and a steelmaking business that supplies construction products along the U.S. West Coast.

Radius Recycling (FRA:SS1A) Headlines

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