Redishred Capital (TSXV:KUT) Days Payable : 39.37 (As of Dec. 2023)

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What is Redishred Capital Days Payable?

Redishred Capital's average Accounts Payable for the three months ended in Dec. 2023 was C$4.78 Mil. Redishred Capital's Cost of Goods Sold for the three months ended in Dec. 2023 was C$11.08 Mil. Hence, Redishred Capital's Days Payable for the three months ended in Dec. 2023 was 39.37.

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

TSXV:KUT' s Days Payable Range Over the Past 10 Years
Min: 16.7 Med: 39.84 Max: 45.39
Current: 38.33

During the past 13 years, Redishred Capital's highest Days Payable was 45.39. The lowest was 16.70. And the median was 39.84.

TSXV:KUT's Days Payable is ranked worse than
58.29% of 923 companies
in the Business Services industry
Industry Median: 47.09 vs TSXV:KUT: 38.33

Redishred Capital's Days Payable increased from Dec. 2022 (35.67) to Dec. 2023 (39.37). It may suggest that Redishred Capital delayed paying its suppliers.

Redishred Capital Days Payable Historical Data

The historical data trend for Redishred Capital'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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Redishred Capital Days Payable Chart

Redishred Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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31.21

45.39

44.48

39.89

43.39

Redishred Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															35.67	37.59	34.86	36.15	39.37

Competitive Comparison of Redishred Capital's Days Payable

For the Specialty Business Services subindustry, Redishred Capital'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.

Redishred Capital's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Redishred Capital's Days Payable distribution charts can be found below:

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

Redishred Capital 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.

Redishred Capital'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
=	( (4.452	+	5.348)	/	2 )	/	41.222	*	365
=	4.9					/	41.222	*	365
=	43.39

Redishred Capital's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4.217	+	5.348)	/	2 )	/	11.084	*	365 / 4
=	4.7825					/	11.084	*	365 / 4
=	39.37

Redishred Capital Days Payable Related Terms

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Redishred Capital (TSXV:KUT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Redishred Capital Corp (TSXV:KUT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RDCPF:USA

Address

2233 Argentia Road, Suite 202, Mississauga, ON, CAN, L5N 2X7

Website

https://www.proshred.com

Redishred Capital Corp is a company that manages and operates the Proshred brand and business platform in the United States and internationally. It operates the Proshred system under two business models, via franchising in the United States, and via direct ownership of shredding trucks and facilities in eight locations in the United States. The operating segments of the company are (1) the granting and managing of shredding business franchises under the "Proshred" trademark (Franchising and licensing), (2) the operation of the corporately owned shredding business (Corporate locations) and (3) supporting the franchises and corporately owned shredding businesses (Corporate).

Redishred Capital (TSXV:KUT) Headlines

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