Roots (TSX:ROOT) Days Payable : 115.46 (As of Oct. 2024)

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What is Roots Days Payable?

Roots's average Accounts Payable for the three months ended in Oct. 2024 was C$33.8 Mil. Roots's Cost of Goods Sold for the three months ended in Oct. 2024 was C$26.8 Mil. Hence, Roots's Days Payable for the three months ended in Oct. 2024 was 115.46.

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

TSX:ROOT' s Days Payable Range Over the Past 10 Years
Min: 44.03 Med: 83.5 Max: 172.11
Current: 97.16

During the past 9 years, Roots's highest Days Payable was 172.11. The lowest was 44.03. And the median was 83.50.

TSX:ROOT's Days Payable is ranked better than
73.16% of 1088 companies
in the Retail - Cyclical industry
Industry Median: 54.98 vs TSX:ROOT: 97.16

Roots's Days Payable increased from Oct. 2023 (108.14) to Oct. 2024 (115.46). It may suggest that Roots delayed paying its suppliers.

Roots Days Payable Historical Data

The historical data trend for Roots'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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Roots Days Payable Chart

Roots Annual Data

Trend

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Payable

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50.52

83.50

89.06

105.75

104.81

Roots Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Days Payable	Get a 7-Day Free Trial															108.14	56.49	134.02	108.94	115.46

Competitive Comparison of Roots's Days Payable

For the Apparel Retail subindustry, Roots'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.

Roots's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Roots's Days Payable distribution charts can be found below:

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

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Roots 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.

Roots's Days Payable for the fiscal year that ended in Jan. 2024 is calculated as

	Days Payable (A: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2023 )	+	Accounts Payable (A: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2024 )	*	Days in Period
=	( (38.414	+	24.88)	/	2 )	/	110.212	*	365
=	31.647					/	110.212	*	365
=	104.81

Roots's Days Payable for the quarter that ended in Oct. 2024 is calculated as:

	Days Payable (Q: Oct. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2024 )	+	Accounts Payable (Q: Oct. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2024 )	*	Days in Period
=	( (29.488	+	38.208)	/	2 )	/	26.75	*	365 / 4
=	33.848					/	26.75	*	365 / 4
=	115.46

Roots Days Payable Related Terms

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Roots Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Roots Corp (TSX:ROOT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RROTF:USA

Address

1400 Castlefield Avenue, Toronto, ON, CAN, M6B 4C4

Website

https://www.roots.com

Roots Corp provides a portfolio of apparel, leather goods, accessories, and footwear for men, women, and children under the Roots brand. Its merchandise includes genuine leather, such as jackets, bags, and luggage; kids & baby clothing; and leather, linens, towels, and accessories. The company operates through two segments: Direct-To-Consumer, which accounts for the majority of revenue, and Partners & Other. The DTC segment sells products through the company's corporate retail stores and e-commerce. The Partners & Other segment engage in the wholesale of Roots-branded products to the company's international operating partner, and it earns royalties on the retail sales of Roots-branded products. The company has operating stores in Canada, the United States, Taiwan, China, and Hong Kong.

Executives

Edward Hume Kernaghan	10% Security Holder
Mary Ann Curran	Director
Meghan Claire Roach	Director, Senior Officer
Liguang (leon) Wu	Senior Officer
L.p. Searchlight Capital Partners	10% Security Holder