Rimini Street (FRA:0QH) Days Payable : 10.20 (As of Mar. 2024)

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What is Rimini Street Days Payable?

Rimini Street's average Accounts Payable for the three months ended in Mar. 2024 was €4.4 Mil. Rimini Street's Cost of Goods Sold for the three months ended in Mar. 2024 was €39.5 Mil. Hence, Rimini Street's Days Payable for the three months ended in Mar. 2024 was 10.20.

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

FRA:0QH' s Days Payable Range Over the Past 10 Years
Min: 8.02 Med: 16.46 Max: 44.63
Current: 11.58

During the past 9 years, Rimini Street's highest Days Payable was 44.63. The lowest was 8.02. And the median was 16.46.

FRA:0QH's Days Payable is ranked worse than
89.79% of 2528 companies
in the Software industry
Industry Median: 50.5 vs FRA:0QH: 11.58

Rimini Street's Days Payable declined from Mar. 2023 (16.33) to Mar. 2024 (10.20). It may suggest that Rimini Street accelerated paying its suppliers.

Rimini Street Days Payable Historical Data

The historical data trend for Rimini Street'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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Rimini Street Days Payable Chart

Rimini Street Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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25.79

8.33

11.66

16.04

16.03

Rimini Street 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															16.33	12.36	12.17	12.81	10.20

Competitive Comparison of Rimini Street's Days Payable

For the Software - Application subindustry, Rimini Street'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.

Rimini Street's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Rimini Street's Days Payable distribution charts can be found below:

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

Rimini Street 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.

Rimini Street'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
=	( (7.59	+	5.499)	/	2 )	/	149.025	*	365
=	6.5445					/	149.025	*	365
=	16.03

Rimini Street'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
=	( (5.499	+	3.323)	/	2 )	/	39.48	*	365 / 4
=	4.411					/	39.48	*	365 / 4
=	10.20

Rimini Street Days Payable Related Terms

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Rimini Street (FRA:0QH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rimini Street Inc (FRA:0QH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RMNI:USA 0QH:Germany

Address

3993 Howard Hughes Parkway, Suite 500, Las Vegas, NV, USA, 89169

Website

https://www.riministreet.com

Rimini Street Inc is a provider of enterprise software support products and services and the third-party support provider for Oracle and SAP software products based in the United States. Some of its products include Oracle E-business suite, Oracle Retail, Peoplesoft, SAP business suite, and Agile PLM, which are offered to various industries, including manufacturing, public sector companies, retail, and education.

Rimini Street (FRA:0QH) Headlines

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