REM Group (Holdings) (HKSE:01750) Days Payable : 84.97 (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is REM Group (Holdings) Days Payable?

REM Group (Holdings)'s average Accounts Payable for the six months ended in Dec. 2023 was HK$25.4 Mil. REM Group (Holdings)'s Cost of Goods Sold for the six months ended in Dec. 2023 was HK$54.6 Mil. Hence, REM Group (Holdings)'s Days Payable for the six months ended in Dec. 2023 was 84.97.

The historical rank and industry rank for REM Group (Holdings)'s Days Payable or its related term are showing as below:

HKSE:01750' s Days Payable Range Over the Past 10 Years
Min: 75.32 Med: 91.31 Max: 125.45
Current: 89.22

During the past 9 years, REM Group (Holdings)'s highest Days Payable was 125.45. The lowest was 75.32. And the median was 91.31.

HKSE:01750's Days Payable is ranked better than
57.64% of 2932 companies
in the Industrial Products industry
Industry Median: 76.415 vs HKSE:01750: 89.22

REM Group (Holdings)'s Days Payable increased from Dec. 2022 (78.81) to Dec. 2023 (84.97). It may suggest that REM Group (Holdings) delayed paying its suppliers.

REM Group (Holdings) Days Payable Historical Data

The historical data trend for REM Group (Holdings)'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.

* Premium members only.

REM Group (Holdings) Days Payable Chart

REM Group (Holdings) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

83.64

107.69

125.45

85.25

91.31

REM Group (Holdings) Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial											98.79	99.99	78.81	90.68	84.97

Competitive Comparison of REM Group (Holdings)'s Days Payable

For the Electrical Equipment & Parts subindustry, REM Group (Holdings)'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.

REM Group (Holdings)'s Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, REM Group (Holdings)'s Days Payable distribution charts can be found below:

* The bar in red indicates where REM Group (Holdings)'s Days Payable falls into.

REM Group (Holdings) 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.

REM Group (Holdings)'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
=	( (40.75	+	21.72)	/	2 )	/	124.863	*	365
=	31.235					/	124.863	*	365
=	91.31

REM Group (Holdings)'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
=	( (29.099	+	21.72)	/	2 )	/	54.578	*	365 / 2
=	25.4095					/	54.578	*	365 / 2
=	84.97

REM Group (Holdings) Days Payable Related Terms

Thank you for viewing the detailed overview of REM Group (Holdings)'s Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

REM Group (Holdings) (HKSE:01750) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » REM Group (Holdings) Ltd (HKSE:01750) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 70 Wing Tai Road, Unit 5, 4th Floor, Chai Wan Industrial City Phase II, Hong Kong, HKG

Website

http://www.rem-group.com.hk

REM Group (Holdings) Ltd is a manufacturer and supplier of low-voltage electrical power distribution and control devices., including low-voltage switchboard, local motor control panel, motor control center, electrical distribution board, control box, and electrical parts and replacements and by location of delivery to customers in Hong Kong and PRC. Geographically, it derives the majority of revenue in PRC.

REM Group (Holdings) (HKSE:01750) Headlines

No Headlines