Rumere Co (SZSE:301088) Days Payable : 44.02 (As of Mar. 2024)

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What is Rumere Co Days Payable?

Rumere Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥49.1 Mil. Rumere Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥101.7 Mil. Hence, Rumere Co's Days Payable for the three months ended in Mar. 2024 was 44.02.

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

SZSE:301088' s Days Payable Range Over the Past 10 Years
Min: 15.69 Med: 29.7 Max: 59.35
Current: 46.9

During the past 7 years, Rumere Co's highest Days Payable was 59.35. The lowest was 15.69. And the median was 29.70.

SZSE:301088's Days Payable is ranked worse than
58.38% of 1014 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs SZSE:301088: 46.90

Rumere Co's Days Payable declined from Mar. 2023 (56.46) to Mar. 2024 (44.02). It may suggest that Rumere Co accelerated paying its suppliers.

Rumere Co Days Payable Historical Data

The historical data trend for Rumere Co'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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Rumere Co Days Payable Chart

Rumere Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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15.69

29.48

48.30

59.35

Rumere Co Quarterly Data
	Dec18	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															56.46	53.93	66.59	35.62	44.02

Competitive Comparison of Rumere Co's Days Payable

For the Apparel Manufacturing subindustry, Rumere Co'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.

Rumere Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Rumere Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Rumere Co's Days Payable falls into.

Rumere Co 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.

Rumere Co'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
=	( (93.606	+	58.163)	/	2 )	/	466.72	*	365
=	75.8845					/	466.72	*	365
=	59.35

Rumere Co'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
=	( (58.163	+	39.994)	/	2 )	/	101.745	*	365 / 4
=	49.0785					/	101.745	*	365 / 4
=	44.02

Rumere Co Days Payable Related Terms

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Rumere Co (SZSE:301088) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Rumere Co Ltd (SZSE:301088) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Jianye Road, Building 1, High-tech Industrial Park, Economic and Technological Development Zone, Jiangsu Province, Changshu, CHN, 215500

Website

http://www.rumere.com

Rumere Co Ltd is engaged in the apparel planning, design, supply chain management and sales.

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