Russel Metals (TSX:RUS) Days Payable : 49.32 (As of Sep. 2024)

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What is Russel Metals Days Payable?

Russel Metals's average Accounts Payable for the three months ended in Sep. 2024 was C$473 Mil. Russel Metals's Cost of Goods Sold for the three months ended in Sep. 2024 was C$875 Mil. Hence, Russel Metals's Days Payable for the three months ended in Sep. 2024 was 49.32.

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

TSX:RUS' s Days Payable Range Over the Past 10 Years
Min: 46.59 Med: 48.77 Max: 53.9
Current: 50.78

During the past 13 years, Russel Metals's highest Days Payable was 53.90. The lowest was 46.59. And the median was 48.77.

TSX:RUS's Days Payable is ranked worse than
52.29% of 153 companies
in the Industrial Distribution industry
Industry Median: 52.5 vs TSX:RUS: 50.78

Russel Metals's Days Payable declined from Sep. 2023 (54.34) to Sep. 2024 (49.32). It may suggest that Russel Metals accelerated paying its suppliers.

Russel Metals Days Payable Historical Data

The historical data trend for Russel Metals'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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Russel Metals Days Payable Chart

Russel Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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48.60

51.34

51.40

47.72

47.99

Russel Metals 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															54.34	54.07	48.86	47.33	49.32

Competitive Comparison of Russel Metals's Days Payable

For the Industrial Distribution subindustry, Russel Metals'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.

Russel Metals's Days Payable Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Russel Metals's Days Payable distribution charts can be found below:

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

Russel Metals 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.

Russel Metals'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
=	( (477.8	+	450)	/	2 )	/	3528.1	*	365
=	463.9					/	3528.1	*	365
=	47.99

Russel Metals'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
=	( (446.3	+	499)	/	2 )	/	874.5	*	365 / 4
=	472.65					/	874.5	*	365 / 4
=	49.32

Russel Metals Days Payable Related Terms

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Russel Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Russel Metals Inc (TSX:RUS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RUSMF:USA RMZ:Germany

Address

6600 Financial Drive, Mississauga, ON, CAN, L5N 7J6

Website

https://www.russelmetals.com

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; Energy Field Stores; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users. The Energy Field Stores segment distributes oil country tubular goods, line pipe, tubes, valves, and fittings, primarily to the energy industry in Western Canada and the U.S. The steel distributors segment acts as master distributors selling steel in large volumes to other steel service centers and equipment manufacturers mainly on an "as is" basis. The company generates all of its revenue from the North American market.

Executives

Stewart Burton	Director
William Michael O'reilly	Director
Daniel Bailey	Senior Officer
Cynthia Johnston	Director
Martin Leb Juravsky	Senior Officer
Sherri Lynn Mckelvey	Senior Officer
Lesley Margaret Seppings Coleman	Senior Officer
Brian Robie Hedges	Director
John Gregory Reid	Senior Officer
Gregg Edward Bryant	Senior Officer
Maureen Ann Kelly	Senior Officer
Roger Paiva	Director
Alice D. Laberge	Director
James Francis Dinning	Director
Annie Thabet	Director

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