Remy Cointreau (Remy Cointreau) Days Payable : 608.64 (As of Sep. 2023)

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What is Remy Cointreau Days Payable?

Remy Cointreau's average Accounts Payable for the six months ended in Sep. 2023 was $629 Mil. Remy Cointreau's Cost of Goods Sold for the six months ended in Sep. 2023 was $189 Mil. Hence, Remy Cointreau's Days Payable for the six months ended in Sep. 2023 was 608.64.

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

REMYF' s Days Payable Range Over the Past 10 Years
Min: 281.12 Med: 345.17 Max: 555.72
Current: 555.72

During the past 13 years, Remy Cointreau's highest Days Payable was 555.72. The lowest was 281.12. And the median was 345.17.

REMYF's Days Payable is ranked better than
97.54% of 203 companies
in the Beverages - Alcoholic industry
Industry Median: 80.66 vs REMYF: 555.72

Remy Cointreau's Days Payable increased from Sep. 2022 (444.61) to Sep. 2023 (608.64). It may suggest that Remy Cointreau delayed paying its suppliers.

Remy Cointreau Days Payable Historical Data

The historical data trend for Remy Cointreau'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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Remy Cointreau Days Payable Chart

Remy Cointreau Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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319.45

349.88

434.60

483.92

491.47

Remy Cointreau Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															373.84	397.28	444.61	506.58	608.64

Competitive Comparison of Remy Cointreau's Days Payable

For the Beverages - Wineries & Distilleries subindustry, Remy Cointreau'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.

Remy Cointreau's Days Payable Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Remy Cointreau's Days Payable distribution charts can be found below:

* The bar in red indicates where Remy Cointreau's Days Payable falls into.

Remy Cointreau 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.

Remy Cointreau's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (629.956	+	652.248)	/	2 )	/	476.124	*	365
=	641.102					/	476.124	*	365
=	491.47

Remy Cointreau's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (652.248	+	606.297)	/	2 )	/	188.687	*	365 / 2
=	629.2725					/	188.687	*	365 / 2
=	608.64

Remy Cointreau Days Payable Related Terms

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Remy Cointreau (Remy Cointreau) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Remy Cointreau (OTCPK:REMYF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

REMYY:USA 0MGU:UK RCOp:UK RCO:France RMC:Germany

Address

Rue Joseph Pataa, Cognac, FRA, 16100

Website

https://www.remy-cointreau.com

Remy Cointreau is the world's second-largest distiller of cognac by volume, with a 15.8% global volume share in 2022, according to Euromonitor. Cognac represented 72% of Remy's sales and 90% of EBIT in the same year. The remainder of Remy's portfolio is made up of much smaller group-owned brands, including Cointreau orange liqueur, Metaxa Greek spirit, Mount Gay rum, Bruichladdich single malt scotch, The Botanist gin, Hautes Glaces French whiskey, and Westland American whiskey. The company also distributes third-party brands and in 2023 entered the fragrance business. Remy is controlled by the Andromede family, which owns 41% equity interest and consolidates the business in the Andromede Group. The Cointreau family owns a further 27%, and 41% of the equity is free float.

Remy Cointreau (Remy Cointreau) Headlines

From GuruFocus

Remy-Cointreau a Great Company but Expensive Stock

By Holmes Osborne, CFA Holmes Osborne, CFA • 04-18-2016