Rieter Holding AG (XSWX:RIEN) Days Payable : 47.52 (As of Dec. 2023)

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What is Rieter Holding AG Days Payable?

Rieter Holding AG's average Accounts Payable for the six months ended in Dec. 2023 was CHF120 Mil. Rieter Holding AG's Cost of Goods Sold for the six months ended in Dec. 2023 was CHF461 Mil. Hence, Rieter Holding AG's Days Payable for the six months ended in Dec. 2023 was 47.52.

The historical rank and industry rank for Rieter Holding AG's Days Payable or its related term are showing as below:

XSWX:RIEN' s Days Payable Range Over the Past 10 Years
Min: 43.02 Med: 51.64 Max: 73.22
Current: 47.12

During the past 13 years, Rieter Holding AG's highest Days Payable was 73.22. The lowest was 43.02. And the median was 51.64.

XSWX:RIEN's Days Payable is ranked worse than
72.62% of 2933 companies
in the Industrial Products industry
Industry Median: 76.41 vs XSWX:RIEN: 47.12

Rieter Holding AG's Days Payable increased from Dec. 2022 (39.61) to Dec. 2023 (47.52). It may suggest that Rieter Holding AG delayed paying its suppliers.

Rieter Holding AG Days Payable Historical Data

The historical data trend for Rieter Holding AG'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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Rieter Holding AG Days Payable Chart

Rieter Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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54.83

48.45

43.44

43.08

46.28

Rieter Holding AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															43.47	47.53	39.61	47.55	47.52

Competitive Comparison of Rieter Holding AG's Days Payable

For the Specialty Industrial Machinery subindustry, Rieter Holding AG'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.

Rieter Holding AG's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Rieter Holding AG's Days Payable distribution charts can be found below:

* The bar in red indicates where Rieter Holding AG's Days Payable falls into.

Rieter Holding AG 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.

Rieter Holding AG'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
=	( (161.8	+	101.5)	/	2 )	/	1038.3	*	365
=	131.65					/	1038.3	*	365
=	46.28

Rieter Holding AG'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
=	( (138.8	+	101.5)	/	2 )	/	461.4	*	365 / 2
=	120.15					/	461.4	*	365 / 2
=	47.52

Rieter Holding AG Days Payable Related Terms

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Rieter Holding AG (XSWX:RIEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rieter Holding AG (XSWX:RIEN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RIENz:UK

Address

Klosterstrasse 32, Winterthur, CHE, 8406

Website

https://www.rieter.com

Rieter Holding AG is an industrial machinery manufacturer based in Switzerland. It develops machinery, systems, and components used to convert natural and man-made fibres and their blends into yarns. The company's operating segment includes Machines and Systems, Components and After Sales. It generates maximum revenue from the Machines and Systems segment.

Rieter Holding AG (XSWX:RIEN) Headlines

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