Radiant Globaltech Bhd (XKLS:0202) Days Payable : 52.46 (As of Dec. 2023)

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What is Radiant Globaltech Bhd Days Payable?

Radiant Globaltech Bhd's average Accounts Payable for the three months ended in Dec. 2023 was RM13.5 Mil. Radiant Globaltech Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM23.5 Mil. Hence, Radiant Globaltech Bhd's Days Payable for the three months ended in Dec. 2023 was 52.46.

The historical rank and industry rank for Radiant Globaltech Bhd's Days Payable or its related term are showing as below:

XKLS:0202' s Days Payable Range Over the Past 10 Years
Min: 55.84 Med: 72.3 Max: 153.5
Current: 55.84

During the past 9 years, Radiant Globaltech Bhd's highest Days Payable was 153.50. The lowest was 55.84. And the median was 72.30.

XKLS:0202's Days Payable is ranked worse than
61.88% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs XKLS:0202: 55.84

Radiant Globaltech Bhd's Days Payable increased from Dec. 2022 (51.76) to Dec. 2023 (52.46). It may suggest that Radiant Globaltech Bhd delayed paying its suppliers.

Radiant Globaltech Bhd Days Payable Historical Data

The historical data trend for Radiant Globaltech Bhd'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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Radiant Globaltech Bhd Days Payable Chart

Radiant Globaltech Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

72.30

126.26

67.29

63.14

72.64

Radiant Globaltech Bhd 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															51.76	53.76	48.82	51.21	52.46

Competitive Comparison of Radiant Globaltech Bhd's Days Payable

For the Electronics & Computer Distribution subindustry, Radiant Globaltech Bhd'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.

Radiant Globaltech Bhd's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Radiant Globaltech Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Radiant Globaltech Bhd's Days Payable falls into.

Radiant Globaltech Bhd 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.

Radiant Globaltech Bhd'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
=	( (15.408	+	17.218)	/	2 )	/	81.965	*	365
=	16.313					/	81.965	*	365
=	72.64

Radiant Globaltech Bhd'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
=	( (9.857	+	17.218)	/	2 )	/	23.546	*	365 / 4
=	13.5375					/	23.546	*	365 / 4
=	52.46

Radiant Globaltech Bhd Days Payable Related Terms

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Radiant Globaltech Bhd (XKLS:0202) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Radiant Globaltech Bhd (XKLS:0202) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Jalan Kerinchi, Vertical Business Suite, Bangsar South, Avenue 3, Unit 03-06 and 03-07, Level 3, Tower B, Kuala Lumpur, MYS, 59200

Website

https://www.rgtech.com.my

Radiant Globaltech Bhd is engaged in providing retail technology solutions including retail hardware, retail software, as well as maintenance and technical support services. It also offers a full range of retail technology solutions to its customers. The operating segments of the company are Hardware and Maintenance which is involved in the marketing, sale and installation of hardware for the retail industry and provide on-going maintenance for the hardware and software products and solutions, and Software which is involved in design, development, marketing, sales, and enhancement, customisation and implementation of third party software and in-house software. The group derives prime revenue from Malaysia.

Radiant Globaltech Bhd (XKLS:0202) Headlines

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