Rubber Leaf (Rubber Leaf) Days Payable : 118.10 (As of Dec. 2023)

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What is Rubber Leaf Days Payable?

Rubber Leaf's average Accounts Payable for the three months ended in Dec. 2023 was $5.45 Mil. Rubber Leaf's Cost of Goods Sold for the three months ended in Dec. 2023 was $4.21 Mil. Hence, Rubber Leaf's Days Payable for the three months ended in Dec. 2023 was 118.10.

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

RLEA' s Days Payable Range Over the Past 10 Years
Min: 47.47 Med: 105.17 Max: 158.93
Current: 157.84

During the past 3 years, Rubber Leaf's highest Days Payable was 158.93. The lowest was 47.47. And the median was 105.17.

RLEA's Days Payable is not ranked
in the Chemicals industry.
Industry Median: 60.45 vs RLEA: 157.84

Rubber Leaf's Days Payable declined from Dec. 2022 (122.67) to Dec. 2023 (118.10). It may suggest that Rubber Leaf accelerated paying its suppliers.

Rubber Leaf Days Payable Historical Data

The historical data trend for Rubber Leaf'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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Rubber Leaf Days Payable Chart

Rubber Leaf Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

47.47

105.17

158.93

Rubber Leaf Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial					122.67	143.58	192.84	224.42	118.10

Competitive Comparison of Rubber Leaf's Days Payable

For the Specialty Chemicals subindustry, Rubber Leaf'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.

Rubber Leaf's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Rubber Leaf's Days Payable distribution charts can be found below:

* The bar in red indicates where Rubber Leaf's Days Payable falls into.

Rubber Leaf 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.

Rubber Leaf'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
=	( (3.22	+	5.79)	/	2 )	/	10.346	*	365
=	4.505					/	10.346	*	365
=	158.93

Rubber Leaf'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
=	( (5.105	+	5.79)	/	2 )	/	4.209	*	365 / 4
=	5.4475					/	4.209	*	365 / 4
=	118.10

Rubber Leaf Days Payable Related Terms

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Rubber Leaf (Rubber Leaf) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rubber Leaf Inc (OTCPK:RLEA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qixing Road, Weng’ao Industrial Zone, Chunhu Subdistrict, Fenghua District Ningbo, Zhejiang, CHN

Website

http://www.rubberleaf.com.cn

Rubber Leaf Inc engages in the production and sales of synthetic rubber, rubber compound, car window seals, and auto parts. It derives revenue primarily through the sale of synthetic rubber, rubber compound, car window seals, and auto parts with two sales channels. The company managed and reviewed its business as two operating segments: direct supply and indirect supply models.

Executives

Hua Wang	director, officer: CFO	318 N. CARSON STREET, STE. 208, CARSON CITY NV 89701
Xingxiu Hua	director, 10 percent owner, officer: President	318 N. CARSON STREET, STE. 208, CARSON CITY NV 89701
Yongjun Hua	director	318 N. CARSON STREET, STE. 208, CARSON CITY NV 89701

Rubber Leaf (Rubber Leaf) Headlines

From GuruFocus

Insider Sell: President, 10% Owner Xingxiu Hua Sells 22,741 Shares of Rubber Leaf Inc (RLEA)

By GuruFocus Research • 09-09-2023