Richards Packagingome Fund (Richards Packagingome Fund) Days Payable : 61.79 (As of Mar. 2024)

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What is Richards Packagingome Fund Days Payable?

Richards Packagingome Fund's average Accounts Payable for the three months ended in Mar. 2024 was $39.6 Mil. Richards Packagingome Fund's Cost of Goods Sold for the three months ended in Mar. 2024 was $58.5 Mil. Hence, Richards Packagingome Fund's Days Payable for the three months ended in Mar. 2024 was 61.79.

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

RPKIF' s Days Payable Range Over the Past 10 Years
Min: 34.55 Med: 39.45 Max: 65.2
Current: 65.2

During the past 13 years, Richards Packagingome Fund's highest Days Payable was 65.20. The lowest was 34.55. And the median was 39.45.

RPKIF's Days Payable is ranked better than
55.14% of 370 companies
in the Packaging & Containers industry
Industry Median: 58.225 vs RPKIF: 65.20

Richards Packagingome Fund's Days Payable increased from Mar. 2023 (53.32) to Mar. 2024 (61.79). It may suggest that Richards Packagingome Fund delayed paying its suppliers.

Richards Packagingome Fund Days Payable Historical Data

The historical data trend for Richards Packagingome Fund'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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Richards Packagingome Fund Days Payable Chart

Richards Packagingome Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.24

35.63

52.62

49.60

42.89

Richards Packagingome Fund 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															53.32	66.39	73.82	55.52	61.79

Competitive Comparison of Richards Packagingome Fund's Days Payable

For the Packaging & Containers subindustry, Richards Packagingome Fund'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.

Richards Packagingome Fund's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Richards Packagingome Fund's Days Payable distribution charts can be found below:

* The bar in red indicates where Richards Packagingome Fund's Days Payable falls into.

Richards Packagingome Fund 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.

Richards Packagingome Fund'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
=	( (28.529	+	32.402)	/	2 )	/	259.258	*	365
=	30.4655					/	259.258	*	365
=	42.89

Richards Packagingome Fund'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
=	( (32.402	+	46.859)	/	2 )	/	58.526	*	365 / 4
=	39.6305					/	58.526	*	365 / 4
=	61.79

Richards Packagingome Fund Days Payable Related Terms

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Richards Packagingome Fund (Richards Packagingome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Richards Packaging Income Fund (OTCPK:RPKIF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RPI.UN:Canada

Address

6095 Ordan Drive, Mississauga, ON, CAN, L5T 2M7

Website

https://www.richardspackaging.com

Richards Packaging Income Fund is involved in packaging distribution businesses. The company principally distributes plastic and glass containers and associated closures. It is used in packaging for cosmetics, healthcare, food, beverage, and other products. Geographically, it derives a majority of its revenue from Canada.

Richards Packagingome Fund (Richards Packagingome Fund) Headlines

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