Southern Concepts Restaurant Group (Southern Concepts Restaurant Group) Days Payable : 5.36 (As of Sep. 2016)

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What is Southern Concepts Restaurant Group Days Payable?

Southern Concepts Restaurant Group's average Accounts Payable for the three months ended in Sep. 2016 was $0.11 Mil. Southern Concepts Restaurant Group's Cost of Goods Sold for the three months ended in Sep. 2016 was $1.84 Mil. Hence, Southern Concepts Restaurant Group's Days Payable for the three months ended in Sep. 2016 was 5.36.

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

RIBS's Days Payable is not ranked ^*
in the Restaurants industry.
Industry Median: 38.11
* Ranked among companies with meaningful Days Payable only.

Southern Concepts Restaurant Group's Days Payable declined from Sep. 2015 (5.95) to Sep. 2016 (5.36). It may suggest that Southern Concepts Restaurant Group accelerated paying its suppliers.

Southern Concepts Restaurant Group Days Payable Historical Data

The historical data trend for Southern Concepts 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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Southern Concepts Restaurant Group Days Payable Chart

Southern Concepts Restaurant Group Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Days Payable

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42.05

5.75

9.40

Southern Concepts Restaurant Group Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Days Payable	Get a 7-Day Free Trial															5.95	7.82	7.35	2.60	5.36

Competitive Comparison of Southern Concepts Restaurant Group's Days Payable

For the Restaurants subindustry, Southern Concepts 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.

Southern Concepts Restaurant Group's Days Payable Distribution in the Restaurants Industry

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

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

Southern Concepts 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.

Southern Concepts Restaurant Group's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

	Days Payable (A: Dec. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2014 )	+	Accounts Payable (A: Dec. 2015 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2015 )	*	Days in Period
=	( (0.092	+	0.256)	/	2 )	/	6.754	*	365
=	0.174					/	6.754	*	365
=	9.40

Southern Concepts Restaurant Group's Days Payable for the quarter that ended in Sep. 2016 is calculated as:

	Days Payable (Q: Sep. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2016 )	+	Accounts Payable (Q: Sep. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2016 )	*	Days in Period
=	( (0.061	+	0.155)	/	2 )	/	1.839	*	365 / 4
=	0.108					/	1.839	*	365 / 4
=	5.36

Southern Concepts Restaurant Group Days Payable Related Terms

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Southern Concepts Restaurant Group (Southern Concepts Restaurant Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Southern Concepts Restaurant Group Inc (OTCPK:RIBS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3001 PGA Boulevard, Suite 305, Palm Beach Gardens, FL, USA, 33410

Website

http://www.southernconcepts.com

Southern Concepts Restaurant Group Inc is a Shell company.

Executives

Kenneth A Cutshaw

director

C/O CRAWFORD & COMPANY, 1001 SUMMIT BLVD, ATLANTA GA 30319

Southern Concepts Restaurant Group (Southern Concepts Restaurant Group) Headlines

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