Reece (ASX:REH) Days Payable : 51.65 (As of Dec. 2023)

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What is Reece Days Payable?

Reece's average Accounts Payable for the six months ended in Dec. 2023 was A$914 Mil. Reece's Cost of Goods Sold for the six months ended in Dec. 2023 was A$3,228 Mil. Hence, Reece's Days Payable for the six months ended in Dec. 2023 was 51.65.

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

ASX:REH' s Days Payable Range Over the Past 10 Years
Min: 41.63 Med: 62.6 Max: 78.27
Current: 53.73

During the past 13 years, Reece's highest Days Payable was 78.27. The lowest was 41.63. And the median was 62.60.

ASX:REH's Days Payable is ranked better than
51.05% of 143 companies
in the Industrial Distribution industry
Industry Median: 53.28 vs ASX:REH: 53.73

Reece's Days Payable declined from Dec. 2022 (52.77) to Dec. 2023 (51.65). It may suggest that Reece accelerated paying its suppliers.

Reece Days Payable Historical Data

The historical data trend for Reece'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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Reece Days Payable Chart

Reece Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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41.63

47.03

51.82

51.04

47.26

Reece Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															58.64	57.42	52.77	51.45	51.65

Competitive Comparison of Reece's Days Payable

For the Industrial Distribution subindustry, Reece'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.

Reece's Days Payable Distribution in the Industrial Distribution Industry

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

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

Reece 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.

Reece's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (853.972	+	785.994)	/	2 )	/	6332.859	*	365
=	819.983					/	6332.859	*	365
=	47.26

Reece'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (785.994	+	1041.193)	/	2 )	/	3228.275	*	365 / 2
=	913.5935					/	3228.275	*	365 / 2
=	51.65

Reece Days Payable Related Terms

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Reece (ASX:REH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Reece Ltd (ASX:REH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Private Bag 109, Burwood, Sydney, VIC, AUS, 3125

Website

https://www.reecegroup.com.au

Reece is an Australian distributor of plumbing supplies and bathroom products, with businesses in Australia, New Zealand, and the United States. Reece Australia holds Australia's largest range of individual plumbing stock-keeping units, supporting plumbing needs for general plumbing, bathrooms, kitchens, heating and air conditioning, irrigation, pools, commercial and government projects, and fire services.In the Australia and New Zealand markets, Reece's professional, or trade, customers are mostly small to medium plumbing businesses working in the areas of residential repairs, renovations, or new home builds.The U.S. business principally serves plumbers working on commercial and residential construction projects and has a network of almost 250 stores in the southern Sun Belt states.

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