RGFC (The Real Good Food Co) Days Payable: 77.98 (As of Sep. 2023)


RGFC The Real Good Food Co Inc RGFC
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What is The Real Good Food Co Days Payable?

The Real Good Food Co RGFC 14 Days Payable is 77.98 as of Sep. 2023. GuruFocus rates RGFC with a GF Score™ of 14/100.

The Real Good Food Co's average Accounts Payable for the three months ended in Sep. 2023 was $37.6 Mil. The Real Good Food Co's Cost of Goods Sold for the three months ended in Sep. 2023 was $44.0 Mil. Hence, The Real Good Food Co's Days Payable for the three months ended in Sep. 2023 was 77.98.

The historical rank and industry rank for The Real Good Food Co's Days Payable or its related term are showing as below:

RGFC's Days Payable is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 43.885
* Ranked among companies with meaningful Days Payable only.

The Real Good Food Co's Days Payable increased from Sep. 2022 (48.83) to Sep. 2023 (77.98). It may suggest that The Real Good Food Co delayed paying its suppliers.

The Real Good Food Co Days Payable Historical Data

* Premium members only.

The historical data trend for The Real Good Food Co'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.

The Real Good Food Co Days Payable Chart

The Real Good Food Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Days Payable
29.82 37.74 49.52 54.93

The Real Good Food Co Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 48.83 63.26 85.20 77.81 77.98

RGFC vs PLAG, NAII, FARM: Days Payable Comparison

For the Packaged Foods subindustry, The Real Good Food Co'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.

The Real Good Food Co Days Payable vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Real Good Food Co's Days Payable distribution charts can be found below:

* The bar in red indicates where The Real Good Food Co's Days Payable falls into.


RGFC
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The Real Good Food Co Inc RGFC
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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The Real Good Food Co 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.

The Real Good Food Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (15.205 + 23.424) / 2 ) / 128.339*365
=19.3145 / 128.339*365
=54.93

The Real Good Food Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

Days Payable (Q: Sep. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2023 ) + Accounts Payable (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (29.195 + 45.972) / 2 ) / 43.977*365 / 4
=37.5835 / 43.977*365 / 4
=77.98

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 77.98 mean?
The Real Good Food Co (RGFC) has a Days Payable of 77.98 as of Sep. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on The Real Good Food Co and its competitors.
Is The Real Good Food Co's Days Payable too high?
The Real Good Food Co's current Days Payable is 77.98. The Consumer Packaged Goods industry median Days Payable is 43.89. The Real Good Food Co's value of 77.98 is 77.7% above this industry median. Overall, The Real Good Food Co has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does The Real Good Food Co's Days Payable compare to PLAG and NAII?
The Real Good Food Co's Days Payable of 77.98 can be compared against companies in the Consumer Packaged Goods industry. The industry median Days Payable is 43.89. The Real Good Food Co's value of 77.98 is 77.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Consumer Packaged Goods company?
The median Days Payable among Consumer Packaged Goods companies is 43.89, based on 1,884 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Real Good Food Co's current Days Payable of 77.98 is 77.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on The Real Good Food Co and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 43.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Real Good Food Co's current Days Payable is 77.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Real Good Food Co stock overvalued right now?
The Real Good Food Co (RGFC) has a current Days Payable of 77.98. The current Days Payable is 77.98 and 77.7% above the Consumer Packaged Goods industry median of 43.89. The Real Good Food Co's overall GF Score™ is 14/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For The Real Good Food Co (RGFC), the current Days Payable is 77.98 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

The Real Good Food Co Business Description

Address 3 Executive Campus, Suite 155, Cherry Hill, NJ, USA, 08002
The Real Good Food Co Inc is a frozen food company that develops, markets, and manufactures foods high in protein, low in sugar, and gluten- and grain-free. The company produces breakfast sandwiches, entrees, and other products, primarily sold in the U.S. frozen food category. All of its revenue is derived from the United States.
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