Rakon (RAKNF) Days Payable : 84.61 (As of Mar. 2024)

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What is Rakon Days Payable?

Rakon's average Accounts Payable for the six months ended in Mar. 2024 was $9.88 Mil. Rakon's Cost of Goods Sold for the six months ended in Mar. 2024 was $21.30 Mil. Hence, Rakon's Days Payable for the six months ended in Mar. 2024 was 84.61.

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

RAKNF' s Days Payable Range Over the Past 10 Years
Min: 28.54 Med: 51.22 Max: 76.12
Current: 76.12

During the past 13 years, Rakon's highest Days Payable was 76.12. The lowest was 28.54. And the median was 51.22.

RAKNF's Days Payable is ranked worse than
50.46% of 2929 companies
in the Industrial Products industry
Industry Median: 76.43 vs RAKNF: 76.12

Rakon's Days Payable declined from Mar. 2023 (86.35) to Mar. 2024 (84.61). It may suggest that Rakon accelerated paying its suppliers.

Rakon Days Payable Historical Data

The historical data trend for Rakon'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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Rakon Days Payable Chart

Rakon Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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65.56

49.33

64.31

59.51

50.13

Rakon Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial															107.79	117.52	86.35	93.88	84.61

Competitive Comparison of Rakon's Days Payable

For the Electrical Equipment & Parts subindustry, Rakon'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.

Rakon's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Rakon's Days Payable distribution charts can be found below:

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

Rakon 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.

Rakon's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (6.705	+	5.016)	/	2 )	/	42.671	*	365
=	5.8605					/	42.671	*	365
=	50.13

Rakon's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (14.735	+	5.016)	/	2 )	/	21.301	*	365 / 2
=	9.8755					/	21.301	*	365 / 2
=	84.61

Rakon Days Payable Related Terms

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Rakon (RAKNF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rakon Ltd (OTCPK:RAKNF) » Definitions » Days Payable

Comparable Companies

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RAK:New Zealand

Address

8 Sylvia Park Road, Mt Wellington, Auckland, NZL, 1060

Website

https://www.rakon.com

Rakon Ltd is engaged in the development of frequency control products and timing solutions for a wide range of applications. Its core markets are Telecommunications, Space & Defence, and Global Positioning. The company's product range consists of low stability Crystal Oscillators (XO), Voltage Controlled Crystal Oscillators (VCXOs), and crystal products, through to high volume precision Temperature Compensated Crystal Oscillators (TCXOs), Oven Controlled Crystal Oscillators (OCXOs), Digital Pulse Compression Sub-Systems (DPCSS), Surface Acoustic Wave (SAW) oscillators and specialized products. The company's geographical segments are New Zealand, France, India, and Others.