RPM International (FRA:RP8) Days Payable : 61.10 (As of Feb. 2024)

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What is RPM International Days Payable?

RPM International's average Accounts Payable for the three months ended in Feb. 2024 was €568 Mil. RPM International's Cost of Goods Sold for the three months ended in Feb. 2024 was €849 Mil. Hence, RPM International's Days Payable for the three months ended in Feb. 2024 was 61.10.

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

FRA:RP8' s Days Payable Range Over the Past 10 Years
Min: 52.81 Med: 63.51 Max: 73.27
Current: 52.81

During the past 13 years, RPM International's highest Days Payable was 73.27. The lowest was 52.81. And the median was 63.51.

FRA:RP8's Days Payable is ranked worse than
59.02% of 1503 companies
in the Chemicals industry
Industry Median: 60.47 vs FRA:RP8: 52.81

RPM International's Days Payable increased from Feb. 2023 (60.24) to Feb. 2024 (61.10). It may suggest that RPM International delayed paying its suppliers.

RPM International Days Payable Historical Data

The historical data trend for RPM International'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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RPM International Days Payable Chart

RPM International Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Payable

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58.65

57.63

64.77

60.81

60.88

RPM International Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															60.24	46.60	52.72	58.11	61.10

Competitive Comparison of RPM International's Days Payable

For the Specialty Chemicals subindustry, RPM International'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.

RPM International's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, RPM International's Days Payable distribution charts can be found below:

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

RPM International 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.

RPM International's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (757.149	+	626.463)	/	2 )	/	4147.701	*	365
=	691.806					/	4147.701	*	365
=	60.88

RPM International's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (601.312	+	535.677)	/	2 )	/	848.963	*	365 / 4
=	568.4945					/	848.963	*	365 / 4
=	61.10

RPM International Days Payable Related Terms

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RPM International (FRA:RP8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » RPM International Inc (FRA:RP8) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RPM:USA RP8:Germany

Address

2628 Pearl Road, P.O. Box 777, Medina, OH, USA, 44256

Website

https://www.rpminc.com

RPM International Inc manufactures and sells a variety of paints, coatings, and adhesives. The firm organizes itself into four segments based on product type. The construction products group sells coatings, roofing, insulation, and other products to distributers, contractors, and end consumers globally. The performance coatings group produces coatings that are used in construction and industrial applications like floorings and corrosion control. The consumer group sells paint, finishes, and similar products to individual consumers through hardware and craft stores. The specialty products group sells a variety of products ranging from niche applications of the other groups, to marine finishes, to edible food colorings. The majority of revenue comes from North America.

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