RITT (RIT Technologies) Days Payable: 64.26 (As of Sep. 2015)


What is RIT Technologies Days Payable?

RIT Technologies RITT Days Payable is 64.26 as of Sep. 2015.

RIT Technologies's average Accounts Payable for the three months ended in Sep. 2015 was $1.63 Mil. RIT Technologies's Cost of Goods Sold for the three months ended in Sep. 2015 was $2.31 Mil. Hence, RIT Technologies's Days Payable for the three months ended in Sep. 2015 was 64.26.

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

RITT's Days Payable is not ranked *
in the Hardware industry.
Industry Median: 69.935
* Ranked among companies with meaningful Days Payable only.

RIT Technologies's Days Payable declined from Sep. 2014 (79.42) to Sep. 2015 (64.26). It may suggest that RIT Technologies accelerated paying its suppliers.

RIT Technologies Days Payable Historical Data

* Premium members only.

The historical data trend for RIT 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.

RIT Technologies Days Payable Chart

RIT Technologies Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 107.24 118.46 95.68 72.22 99.93

RIT Technologies Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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 79.42 49.28 51.55 54.70 64.26

RITT vs OSAT, GTXO, DGDM: Days Payable Comparison

For the Communication Equipment subindustry, RIT 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.

RIT Technologies Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, RIT Technologies's Days Payable distribution charts can be found below:

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


RIT 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.

RIT Technologies's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable (A: Dec. 2014 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2013 ) + Accounts Payable (A: Dec. 2014 )) / count ) / Cost of Goods Sold (A: Dec. 2014 )*Days in Period
=( (1.878 + 0.967) / 2 ) / 5.196*365
=1.4225 / 5.196*365
=99.93

RIT Technologies's Days Payable for the quarter that ended in Sep. 2015 is calculated as:

Days Payable (Q: Sep. 2015 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2015 ) + Accounts Payable (Q: Sep. 2015 )) / count ) / Cost of Goods Sold (Q: Sep. 2015 )*Days in Period
=( (1.755 + 1.504) / 2 ) / 2.314*365 / 4
=1.6295 / 2.314*365 / 4
=64.26

* 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 64.26 mean?
RIT Technologies (RITT) has a Days Payable of 64.26 as of Sep. 2015. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on RIT Technologies and its competitors.
Is RIT Technologies' Days Payable too high?
RIT Technologies' current Days Payable is 64.26. The Hardware industry median Days Payable is 69.94. RIT Technologies' value of 64.26 is 8.1% below this industry median.
How does RIT Technologies' Days Payable compare to OSAT and GTXO?
RIT Technologies' Days Payable of 64.26 can be compared against companies in the Hardware industry. The industry median Days Payable is 69.94. RIT Technologies' value of 64.26 is 8.1% below 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 Hardware company?
The median Days Payable among Hardware companies is 69.94, based on 2,438 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. RIT Technologies's current Days Payable of 64.26 is 8.1% below 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 RIT Technologies and its competitors. For the Hardware industry, the median Days Payable is 69.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RIT Technologies's current Days Payable is 64.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RIT Technologies stock overvalued right now?
RIT Technologies (RITT) has a current Days Payable of 64.26. The current Days Payable is 64.26 and 8.1% below the Hardware industry median of 69.94. 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 RIT Technologies (RITT), the current Days Payable is 64.26 as of Sep. 2015. 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.

RIT Technologies Business Description

Address 24 Raoul Wallenberg Street, Tel Aviv, ISR, 69719
RIT Technologies Ltd provides Intelligent Infrastructure Management solutions and develops indoor optical wireless technology solutions. The company's products include PatchView that provides security and network utilization for data centers, communication rooms and work space environments; and Beamcaster that provides IWON technology solutions mainly for open-space offices. Its Intelligent Infrastructure Management solutions are deployed in various organizations including data centers in the private sector, government agencies, financial institutions, airport authorities, healthcare and education institutions.