Ridgetech (RDGT) Payables (2021 - 2026)
Ridgetech (RDGT) reported Payables of $22.78 million for the quarter ended Mar 31, 2026, down 24.2% from $30.05 million a year earlier.
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Analysis
Ridgetech (RDGT) Payables (2021 - 2026) Analysis & Trends
Dating back to the quarter ended Mar 31, 2021, Ridgetech's Payables record includes 11 quarters.
- Payables has declined for four consecutive years, with a five-year compound annual growth rate of -16.3% (years ended Mar 2021 to Mar 2026).
- By year, Payables came in at $30.05 million in the year ended Mar 31, 2025 (-6.1%), $32.01 million in the year ended Mar 31, 2024 (-43.1%), $56.25 million in the year ended Mar 31, 2023 (-8.6%) and $61.52 million in the year ended Mar 31, 2022 (+10.7%).
- The figure for the quarter ended Mar 31, 2026 ranks as the lowest quarterly Payables since the quarter ended Sep 30, 2024.
- Year over year, Payables gained in two of the last four quarters, with growth averaging 26.6%.
- The high point for year-over-year Payables in five years was the quarter ended Sep 30, 2025 (growth of 128.4%); the low point was the quarter ended Sep 30, 2024 (a decline of 80.3%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 356.05 Bn | 236.68 Bn | 35.71 Bn | 39.56 Bn |
| 2 | Mckesson | 123.13 Bn | 104.51 Bn | 3.96 Bn | 67.76 Bn |
| 3 | Cvs Health | 109.04 Bn | 57.80 Bn | 47.21 Bn | 17.88 Bn |
| 4 | Elevance Health | 90.56 Bn | -52.02 Bn | 13.65 Bn | 8.32 Bn |
| 5 | Cigna | 77.41 Bn | 46.27 Bn | 15.09 Bn | 10.10 Bn |
| 6 | Cencora | 66.63 Bn | 55.53 Bn | 3.61 Bn | 54.70 Bn |
| 7 | Cardinal Health | 63.51 Bn | 46.67 Bn | 2.60 Bn | 40.94 Bn |
| 8 | Humana | 50.79 Bn | -37.07 Bn | 5.50 Bn | 7.61 Bn |
| 9 | Centene | 33.94 Bn | -60.76 Bn | 9.52 Bn | 15.46 Bn |
| 10 | Ridgetech | 6.37 Mn | -56.25 Mn | - | 22.78 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 22.78 Mn |
| Sep 30, 2025 | 26.51 Mn |
| Mar 31, 2025 | 30.05 Mn |
| Sep 30, 2024 | 59.93 Mn |
| Mar 31, 2024 | 37.17 Mn |
| Sep 30, 2023 | 58.92 Mn |
| Mar 31, 2023 | 56.25 Mn |
| Sep 30, 2022 | 56.85 Mn |
| Mar 31, 2022 | 61.52 Mn |
| Sep 30, 2021 | 64.13 Mn |
| Mar 31, 2021 | 55.56 Mn |
API Access
Ridgetech Payables API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=payables&ticker=RDGT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "ticker": "RDGT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=payables&ticker=RDGT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();