RIBT (RiceBran Technologies) Days Payable: 66.96 (As of Mar. 2024)


RIBT RiceBran Technologies RIBT
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What is RiceBran Technologies Days Payable?

RiceBran Technologies RIBT -66.67% 12 Days Payable is 66.96 as of Mar. 2024. GuruFocus rates RIBT with a GF Score™ of 12/100.

RiceBran Technologies's average Accounts Payable for the three months ended in Mar. 2024 was $1.21 Mil. RiceBran Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was $1.65 Mil. Hence, RiceBran Technologies's Days Payable for the three months ended in Mar. 2024 was 66.96.

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

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

RiceBran Technologies's Days Payable declined from Mar. 2023 (83.13) to Mar. 2024 (66.96). It may suggest that RiceBran Technologies accelerated paying its suppliers.

RiceBran Technologies Days Payable Historical Data

* Premium members only.

The historical data trend for RiceBran Technologies'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.

RiceBran Technologies Days Payable Chart

RiceBran Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.94 11.38 10.59 13.70 22.01

RiceBran Technologies Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 83.13 24.18 24.41 24.24 66.96

RIBT vs KHC, GIS, K: Days Payable Comparison

For the Packaged Foods subindustry, RiceBran Technologies'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.

RiceBran Technologies Days Payable vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, RiceBran Technologies's Days Payable distribution charts can be found below:

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


RIBT
12GF Score
RiceBran Technologies RIBT
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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RiceBran Technologies 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.

RiceBran Technologies's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

Days Payable (A: Dec. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2022 ) + Accounts Payable (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (1.232 + 1.549) / 2 ) / 23.06*365
=1.3905 / 23.06*365
=22.01

RiceBran Technologies'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: Dec. 2023 ) + Accounts Payable (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (1.549 + 0.877) / 2 ) / 1.653*365 / 4
=1.213 / 1.653*365 / 4
=66.96

* 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 66.96 mean?
RiceBran Technologies (RIBT) has a Days Payable of 66.96 as of Mar. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on RiceBran Technologies and its competitors.
Is RiceBran Technologies' Days Payable too high?
RiceBran Technologies' current Days Payable is 66.96. The Consumer Packaged Goods industry median Days Payable is 43.89. RiceBran Technologies' value of 66.96 is 52.6% above this industry median. Overall, RiceBran Technologies has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does RiceBran Technologies' Days Payable compare to KHC and GIS?
RiceBran Technologies' Days Payable of 66.96 can be compared against companies in the Consumer Packaged Goods industry. The industry median Days Payable is 43.89. RiceBran Technologies' value of 66.96 is 52.6% 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. RiceBran Technologies's current Days Payable of 66.96 is 52.6% 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 RiceBran Technologies 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. RiceBran Technologies's current Days Payable is 66.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RiceBran Technologies stock overvalued right now?
RiceBran Technologies (RIBT) has a current Days Payable of 66.96. The current Days Payable is 66.96 and 52.6% above the Consumer Packaged Goods industry median of 43.89. RiceBran Technologies' overall GF Score™ is 12/100. 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 RiceBran Technologies (RIBT), the current Days Payable is 66.96 as of Mar. 2024. 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.

RiceBran Technologies Business Description

Address 25420 Kuykendahl Road, Suite B300, Tomball, TX, USA, 77375
RiceBran Technologies is a specialty ingredient company focused on developing, producing, and marketing products derived from traditional and ancient small grains. It creates and produces products utilizing proprietary processes to deliver improved nutrition, ease of use, and extended shelf-life, while addressing consumer demand for all-natural, non-GMO, and organic products. Its existing and target customers are food and animal nutrition manufacturers, wholesalers, and retailers domestically and internationally. Its products includes Rice Bran and Grain Products.
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