REMSleep Holdings (REMSleep Holdings) Days Payable : 3.08 (As of Dec. 2023)

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What is REMSleep Holdings Days Payable?

REMSleep Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $0.03 Mil. REMSleep Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.79 Mil. Hence, REMSleep Holdings's Days Payable for the three months ended in Dec. 2023 was 3.08.

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

RMSL' s Days Payable Range Over the Past 10 Years
Min: 10.34 Med: 34.76 Max: 52.04
Current: 10.34

During the past 13 years, REMSleep Holdings's highest Days Payable was 52.04. The lowest was 10.34. And the median was 34.76.

RMSL's Days Payable is ranked worse than
98.73% of 785 companies
in the Medical Devices & Instruments industry
Industry Median: 73.19 vs RMSL: 10.34

REMSleep Holdings's Days Payable declined from Dec. 2022 (55.76) to Dec. 2023 (3.08). It may suggest that REMSleep Holdings accelerated paying its suppliers.

REMSleep Holdings Days Payable Historical Data

The historical data trend for REMSleep 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.

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REMSleep Holdings Days Payable Chart

REMSleep Holdings Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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52.04

17.47

REMSleep Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															55.76	42.54	25.55	27.38	3.08

Competitive Comparison of REMSleep Holdings's Days Payable

For the Medical Devices subindustry, REMSleep 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.

REMSleep Holdings's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, REMSleep Holdings's Days Payable distribution charts can be found below:

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

REMSleep 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.

REMSleep 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
=	( (0.055	+	0.037)	/	2 )	/	0.961	*	365
=	0.046					/	0.961	*	365
=	17.47

REMSleep 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.016	+	0.037)	/	2 )	/	0.786	*	365 / 4
=	0.0265					/	0.786	*	365 / 4
=	3.08

REMSleep Holdings Days Payable Related Terms

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REMSleep Holdings (REMSleep Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » REMSleep Holdings Inc (OTCPK:RMSL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

14175 ICOT Blvd, Suite 300, Clearwater, FL, USA, 33760

Website

https://www.remsleep.com

REMSleep Holdings Inc is focused on designing and manufacturing devices and products for the treatment of sleep apnea and other respiratory conditions. The company offers the product DeltaWave which is specifically designed with airflow characteristics to enable patients with sleep apnea to breathe normally. Geographically, the business activity of the group functions through the region of the United States.

Executives

Russell Finlay Bird	10 percent owner, officer: President	722 50TH STREET, DES MOINES IA 50312
Tom J Wood	director, officer: CEO	1170 CHERRYWOOD RD, WAYCROSS GA 31503
Thomas Brookes	director, officer: VP & MD OF EKOM EYA MINE DIV.	1149 TOPSAIL ROAD, MOUNT PEARL A4 AIN 5G2
Matthew Sullivan	director, officer: ASST. VP OF EKOM EYA MINE DIV.	1149 TOPSAIL ROAD, MOUNT PEARL A4 AIN5G2
David M Barnes	officer: Chief Financial Officer	6800 JERICHO TURNPIKE, SUITE 208E, SYOSSET NY 11791
Walter Leslie Thistle	director, other: Chairman of the Board	17 COLLINGWOOD CRESCENT, MOUNT PEARL A4 A1N5C6
Kat Exploration Inc.	10 percent owner	1149 TOPSAIL ROAD, MOUNT PEARL A4 A1N5G2
Ken Stead	director, 10 percent owner, officer: CEO and President	15 BLADE CRESCENT, MOUNT PEARL A4 A1N 5L1
Ronald Davis	officer: PRESIDENT	4412 8TH STREET SW, VERO BEACH FL 32968