RAVE (Rave Restaurant Group) Days Payable : 36.78 (As of Sep. 2024)

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What is Rave Restaurant Group Days Payable?

Rave Restaurant Group's average Accounts Payable for the three months ended in Sep. 2024 was $0.40 Mil. Rave Restaurant Group's Cost of Goods Sold for the three months ended in Sep. 2024 was $1.00 Mil. Hence, Rave Restaurant Group's Days Payable for the three months ended in Sep. 2024 was 36.78.

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

RAVE' s Days Payable Range Over the Past 10 Years
Min: 20.1 Med: 49.13 Max: 132.87
Current: 56.44

During the past 13 years, Rave Restaurant Group's highest Days Payable was 132.87. The lowest was 20.10. And the median was 49.13.

RAVE's Days Payable is ranked better than
70.48% of 332 companies
in the Restaurants industry
Industry Median: 37.235 vs RAVE: 56.44

Rave Restaurant Group's Days Payable declined from Sep. 2023 (42.24) to Sep. 2024 (36.78). It may suggest that Rave Restaurant Group accelerated paying its suppliers.

Rave Restaurant Group Days Payable Historical Data

The historical data trend for Rave Restaurant Group'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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Rave Restaurant Group Days Payable Chart

Rave Restaurant Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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44.24

74.84

72.94

54.02

42.98

Rave Restaurant Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															42.24	66.82	73.33	55.71	36.78

Competitive Comparison of Rave Restaurant Group's Days Payable

For the Restaurants subindustry, Rave Restaurant Group'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.

Rave Restaurant Group's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Rave Restaurant Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Rave Restaurant Group's Days Payable falls into.

Rave Restaurant Group 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.

Rave Restaurant Group's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

	Days Payable (A: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (0.502	+	0.359)	/	2 )	/	3.656	*	365
=	0.4305					/	3.656	*	365
=	42.98

Rave Restaurant Group's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.359	+	0.443)	/	2 )	/	0.995	*	365 / 4
=	0.401					/	0.995	*	365 / 4
=	36.78

Rave Restaurant Group Days Payable Related Terms

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Rave Restaurant Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Rave Restaurant Group Inc (NAS:RAVE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3551 Plano Parkway, The Colony, TX, USA, 75056

Website

https://www.raverg.com

Rave Restaurant Group Inc operates and franchises pizza buffet, delivery/carry-out, express restaurants, and ghost kitchens. It operates restaurants under the brand name, Pizza Inn, and Pie Five Pizza Company. It has three operating segments. The Pizza Inn and Pie Five Franchising segments establish franchisees, licensees, and territorial rights. The company-owned restaurant segment includes sales and operating results for all company-owned restaurants. The Pizza Inn Franchising segment accounts for the company's revenue. Geographically, it generates the majority of the revenue from the United States.

Executives

Brandon Solano	officer: Chief Executive Officer	3551 PLANO PARKWAY, THE COLONY TX 75056
Hallmark Insurance Co	other: See Note 1	777 MAIN STREET, SUITE 1000, FORT WORTH TX 76102
Hallmark Specialty Insurance Co	other: See Note 1	777 MAIN STREET, SUITE 1000, FORT WORTH TX 76102
American Hallmark Insurance Co Of Texas	other: See Explanation	777 MAIN STREET, SUITE 1000, FORT WORTH TX 76102
Mark E Schwarz	director, 10 percent owner	5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Clinton Dayne Fendley	officer: Vice President - Finance	3551 PLANO PARKWAY, THE COLONY TX 75056
Burns Michael F Jr	officer: Chief Operating Officer	3551 PLANO PARKWAY, THE COLONY TX 75056
Andrea K. Allen	officer: Chief Acctg. & Admin. Officer	3551 PLANO PARKWAY, THE COLONY TX 75056
Robert W. Bafundo	officer: President	3551 PLANO PARKWAY, THE COLONY TX 75056
Scott Crane	officer: President & CEO	3551 PLANO PARKWAY, THE COLONY TX 75056
Brian Timothy Bares	director	12600 HILL COUNTRY BLVD, SUITE R-230, AUSTIN TX 78738
Timothy E Mullany	officer: Chief Financial Officer	3551 PLANO PARKWAY, THE COLONY TX 75056
Hammett William C Jr	director	CAMPBELL CENTRE, 8350 N CENTRAL EXPRESSWAY STE 1900, DALLAS TX 75206
Randall E. Gier	officer: President & CEO	3551 PLANO PARKWAY, THE COLONY TX 75056
Clinton J Coleman	director	C/O NEWCASTLE CAPITAL MANAGEMENT, L.P., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201