RPD (Rapid7) Days Payable : 13.63 (As of Sep. 2024)

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What is Rapid7 Days Payable?

Rapid7's average Accounts Payable for the three months ended in Sep. 2024 was $9.4 Mil. Rapid7's Cost of Goods Sold for the three months ended in Sep. 2024 was $63.0 Mil. Hence, Rapid7's Days Payable for the three months ended in Sep. 2024 was 13.63.

The historical rank and industry rank for Rapid7's Days Payable or its related term are showing as below:

RPD' s Days Payable Range Over the Past 10 Years
Min: 7.97 Med: 22.19 Max: 64.27
Current: 16.45

During the past 12 years, Rapid7's highest Days Payable was 64.27. The lowest was 7.97. And the median was 22.19.

RPD's Days Payable is ranked worse than
83.71% of 2523 companies
in the Software industry
Industry Median: 48.75 vs RPD: 16.45

Rapid7's Days Payable declined from Sep. 2023 (14.15) to Sep. 2024 (13.63). It may suggest that Rapid7 accelerated paying its suppliers.

Rapid7 Days Payable Historical Data

The historical data trend for Rapid7'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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Rapid7 Days Payable Chart

Rapid7 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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27.80

16.06

7.97

11.73

20.53

Rapid7 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															14.15	18.91	20.47	18.25	13.63

Competitive Comparison of Rapid7's Days Payable

For the Software - Infrastructure subindustry, Rapid7'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.

Rapid7's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Rapid7's Days Payable distribution charts can be found below:

* The bar in red indicates where Rapid7's Days Payable falls into.

Rapid7 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.

Rapid7'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
=	( (10.255	+	15.812)	/	2 )	/	231.741	*	365
=	13.0335					/	231.741	*	365
=	20.53

Rapid7'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
=	( (12.82	+	6.005)	/	2 )	/	63.017	*	365 / 4
=	9.4125					/	63.017	*	365 / 4
=	13.63

Rapid7 Days Payable Related Terms

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Rapid7 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rapid7 Inc (NAS:RPD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0KTX:UK R7D:Germany

Address

120 Causeway Street, Boston, MA, USA, 02114

Website

https://www.rapid7.com

Founded in 2000, Rapid7 is a cybersecurity company that began providing vulnerability management solutions. It has, however, expanded its portfolio to provide extended detection and response; security information and event management; cloud security, threat intelligence, and application security; and security orchestration, automation, and response. The Boston-based company went public in 2015.

Executives

Reeny Sondhi	director	C/O RAPID7, INC., 120 CAUSEWAY STREET, BOSTON MA 02114
Christina Luconi	officer: Chief People Officer	C/O RAPID7, INC., 100 SUMMER STREET, BOSTON MA 02110
Andrew F. Burton	officer: Chief Operating Officer	500 UNICORN PARK DRIVE, WOBURN MA 01801
Thomas Corey E.	director, officer: President and CEO	C/O RAPID7, INC., 100 SUMMER STREET, BOSTON MA 02110
Timothy M Adams	officer: Chief Financial Officer	311 ARSENAL STREET, WATERTOWN MA 02472
Marc Evan Brown	director	C/O RAPID7, INC., 100 SUMMER STREET, BOSTON MA 02110
Thomas E Schodorf	director	C/O SPLUNK INC, 250 BRANNAN STREET, SAN FRANCISCO CA 94107
Peter Kaes	officer: SVP, General Counsel	C/O RAPID7, INC., 100 SUMMER STREET, BOSTON MA 02110
Benjamin Holzman	director, 10 percent owner	C/O BAIN CAPITAL VENTURES, 335 BRYANT STREET, PALO ALTO CA 94301
Jeffrey Kalowski	officer: Chief Financial Officer	10 MAGUIRE ROAD, BUILDING 1, SUITE 125, LEXINGTON MA 02421
Lee David Weiner	officer: Chief Product Officer	C/O RAPID7, INC., 100 SUMMER STREET, BOSTON MA 02110
Michael J Berry	director	C/O INFORMATICA CORPORATION, 2100 SEAPORT BOULEVARD, REDWOOD CITY CA 94063
Judy Bruner	director	C/O SANDISK CORPORATION, 601 MCCARTHY BLVD., MILPITAS CA 95035
Christina Kosmowski	director	C/O RAPID7, INC., 120 CAUSEWAY STREET, BOSTON MA 02114
Timothy P Mcadam	director, 10 percent owner, other: May be part of a 13(d) group	250 MIDDLEFIELD RD, MENLO PARK CA 94025