Ryde Group (Ryde Group) Days Payable : 236.14 (As of Dec. 2023)

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What is Ryde Group Days Payable?

Ryde Group's average Accounts Payable for the six months ended in Dec. 2023 was $3.31 Mil. Ryde Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $5.11 Mil. Hence, Ryde Group's Days Payable for the six months ended in Dec. 2023 was 118.07.

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

RYDE' s Days Payable Range Over the Past 10 Years
Min: 151.13 Med: 236.14 Max: 247.54
Current: 236.14

During the past 3 years, Ryde Group's highest Days Payable was 247.54. The lowest was 151.13. And the median was 236.14.

RYDE's Days Payable is ranked better than
85.54% of 2531 companies
in the Software industry
Industry Median: 50.13 vs RYDE: 236.14

Ryde Group's Days Payable declined from Dec. 2021 (247.54) to Dec. 2023 (236.14). It may suggest that Ryde Group accelerated paying its suppliers.

Ryde Group Days Payable Historical Data

The historical data trend for Ryde Group'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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Ryde Group Days Payable Chart

Ryde Group Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

247.54

151.13

236.14

Ryde Group Semi-Annual Data
	Dec21	Dec22	Dec23
Days Payable	247.54	151.13	236.14

Competitive Comparison of Ryde Group's Days Payable

For the Software - Application subindustry, Ryde Group'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.

Ryde Group's Days Payable Distribution in the Software Industry

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

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

Ryde Group 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.

Ryde Group'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
=	( (2.516	+	4.101)	/	2 )	/	5.114	*	365
=	3.3085					/	5.114	*	365
=	236.14

Ryde Group'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: Dec. 2022 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.516	+	4.101)	/	2 )	/	5.114	*	365 / 2
=	3.3085					/	5.114	*	365 / 2
=	118.07

Ryde Group Days Payable Related Terms

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Ryde Group (Ryde Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ryde Group Ltd (AMEX:RYDE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 08-21, Duo Tower, 3 Fraser Street, Singapore, SGP, 189352

Website

https://www.rydesharing.com

Ryde Group Ltd is a company providing an super mobility app offering ultimate convenience and reliability for their customers through multiple mobility tools that can be accessed and function seamlessly out of a single app. The company operate in following segments such as being mobility where they provide on-demand and scheduled carpooling and ride-hailing services, matching riders to our driver partners; and quick commerce where they provide on-demand, scheduled, and multi-stop parcel delivery services.