Rainbow Digital Commercial Co (SZSE:002419) Days Payable : 102.55 (As of Mar. 2024)

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What is Rainbow Digital Commercial Co Days Payable?

Rainbow Digital Commercial Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,367 Mil. Rainbow Digital Commercial Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,106 Mil. Hence, Rainbow Digital Commercial Co's Days Payable for the three months ended in Mar. 2024 was 102.55.

The historical rank and industry rank for Rainbow Digital Commercial Co's Days Payable or its related term are showing as below:

SZSE:002419' s Days Payable Range Over the Past 10 Years
Min: 63.61 Med: 94.12 Max: 160.78
Current: 105.08

During the past 13 years, Rainbow Digital Commercial Co's highest Days Payable was 160.78. The lowest was 63.61. And the median was 94.12.

SZSE:002419's Days Payable is ranked better than
76.99% of 1082 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs SZSE:002419: 105.08

Rainbow Digital Commercial Co's Days Payable increased from Mar. 2023 (90.02) to Mar. 2024 (102.55). It may suggest that Rainbow Digital Commercial Co delayed paying its suppliers.

Rainbow Digital Commercial Co Days Payable Historical Data

The historical data trend for Rainbow Digital Commercial Co'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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Rainbow Digital Commercial Co Days Payable Chart

Rainbow Digital Commercial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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86.75

160.78

132.48

117.71

118.94

Rainbow Digital Commercial Co 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															90.02	98.56	98.29	128.43	102.55

Competitive Comparison of Rainbow Digital Commercial Co's Days Payable

For the Department Stores subindustry, Rainbow Digital Commercial Co'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.

Rainbow Digital Commercial Co's Days Payable Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Rainbow Digital Commercial Co's Days Payable falls into.

Rainbow Digital Commercial Co 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.

Rainbow Digital Commercial Co'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
=	( (2357.151	+	2505.761)	/	2 )	/	7461.666	*	365
=	2431.456					/	7461.666	*	365
=	118.94

Rainbow Digital Commercial Co'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
=	( (2505.761	+	2228.167)	/	2 )	/	2106.108	*	365 / 4
=	2366.964					/	2106.108	*	365 / 4
=	102.55

Rainbow Digital Commercial Co Days Payable Related Terms

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Rainbow Digital Commercial Co (SZSE:002419) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Rainbow Digital Commercial Co Ltd (SZSE:002419) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 3019, Central Road (Shenzhen Bay Section), 9th-14th Floor, 17th-20th Floor, Tianhong Building, Nanshan District, Guangdong Province, Shenzhen, CHN, 518026

Website

http://www.rainbow.cn

Rainbow Digital Commercial Co Ltd operates a platform-based business with department stores, shopping malls and vertical business with supermarkets, convenience stores. It sells daily necessities, textiles, clothing, cosmetics, food, salt, beverages, health foods, agricultural and sideline products, household appliances and electronic products, culture, sports goods and equipment, building materials and chemical products.

Rainbow Digital Commercial Co (SZSE:002419) Headlines

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