Reelcause (Reelcause) Days Payable : 162.23 (As of Sep. 2012)

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What is Reelcause Days Payable?

Reelcause's average Accounts Payable for the three months ended in Sep. 2012 was $11.12 Mil. Reelcause's Cost of Goods Sold for the three months ended in Sep. 2012 was $6.25 Mil. Hence, Reelcause's Days Payable for the three months ended in Sep. 2012 was 162.23.

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

RCIT's Days Payable is not ranked ^*
in the Industrial Products industry.
Industry Median: 76.765
* Ranked among companies with meaningful Days Payable only.

Reelcause's Days Payable declined from Sep. 2011 (293.78) to Sep. 2012 (162.23). It may suggest that Reelcause accelerated paying its suppliers.

Reelcause Days Payable Historical Data

The historical data trend for Reelcause'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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Reelcause Days Payable Chart

Reelcause Annual Data

Trend

Oct08

Oct09

Dec10

Dec11

Days Payable

163.77

163.06

Reelcause Quarterly Data
	Apr08	Oct08	Jan09	Apr09	Jul09	Oct09	Jan10	Apr10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12
Days Payable	Get a 7-Day Free Trial												293.78	153.53	129.38	120.72	162.23

Competitive Comparison of Reelcause's Days Payable

For the Specialty Industrial Machinery subindustry, Reelcause'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.

Reelcause's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Reelcause's Days Payable distribution charts can be found below:

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

Reelcause 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.

Reelcause's Days Payable for the fiscal year that ended in Dec. 2011 is calculated as

	Days Payable (A: Dec. 2011 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2010 )	+	Accounts Payable (A: Dec. 2011 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2011 )	*	Days in Period
=	( (9.152	+	9.677)	/	2 )	/	21.074	*	365
=	9.4145					/	21.074	*	365
=	163.06

Reelcause's Days Payable for the quarter that ended in Sep. 2012 is calculated as:

	Days Payable (Q: Sep. 2012 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2012 )	+	Accounts Payable (Q: Sep. 2012 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2012 )	*	Days in Period
=	( (11.304	+	10.926)	/	2 )	/	6.252	*	365 / 4
=	11.115					/	6.252	*	365 / 4
=	162.23

Reelcause Days Payable Related Terms

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Reelcause (Reelcause) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Reelcause Inc (OTCPK:RCIT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4760 S Pecos Road, Suite 103, Las Vegas, NV, USA, 89121

Website

https://www.rcitgroup.net

Reelcause Inc focuses on commercializing patented technology related to new renewable energy projects. Its Product family include hydrogen gas range, hydrogen boiler, hydrogen hot air fan, hydrogen water purifier, hydrogen water source wave, hydrogen drone, hydrogen ene farm, and realization of smart farm using hydrogen boiler.

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