Ramssol Group Bhd (XKLS:0236) Days Payable : 28.42 (As of Mar. 2024)

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What is Ramssol Group Bhd Days Payable?

Ramssol Group Bhd's average Accounts Payable for the three months ended in Mar. 2024 was RM1.42 Mil. Ramssol Group Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM4.57 Mil. Hence, Ramssol Group Bhd's Days Payable for the three months ended in Mar. 2024 was 28.42.

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

XKLS:0236' s Days Payable Range Over the Past 10 Years
Min: 4.48 Med: 12.68 Max: 34.11
Current: 34.11

During the past 7 years, Ramssol Group Bhd's highest Days Payable was 34.11. The lowest was 4.48. And the median was 12.68.

XKLS:0236's Days Payable is ranked worse than
62.98% of 2531 companies
in the Software industry
Industry Median: 50.16 vs XKLS:0236: 34.11

Ramssol Group Bhd's Days Payable declined from Mar. 2023 (43.67) to Mar. 2024 (28.42). It may suggest that Ramssol Group Bhd accelerated paying its suppliers.

Ramssol Group Bhd Days Payable Historical Data

The historical data trend for Ramssol Group 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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Ramssol Group Bhd Days Payable Chart

Ramssol Group Bhd Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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6.89

12.68

4.48

17.64

29.47

Ramssol Group Bhd Quarterly Data
	Dec17	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												43.67	17.13	46.03	68.41	28.42

Competitive Comparison of Ramssol Group Bhd's Days Payable

For the Software - Application subindustry, Ramssol Group 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.

Ramssol Group Bhd's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Ramssol Group Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Ramssol Group Bhd's Days Payable falls into.

Ramssol Group 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.

Ramssol Group 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
=	( (1.179	+	0.348)	/	2 )	/	9.456	*	365
=	0.7635					/	9.456	*	365
=	29.47

Ramssol Group Bhd'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
=	( (0.348	+	2.496)	/	2 )	/	4.565	*	365 / 4
=	1.422					/	4.565	*	365 / 4
=	28.42

Ramssol Group Bhd Days Payable Related Terms

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Ramssol Group Bhd (XKLS:0236) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ramssol Group Bhd (XKLS:0236) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Persiaran Multimedia, Cyber 10, B-04-05, Tamarind Square, Selangor Darul Ehsan, Cyberjaya, SGR, MYS, 63000

Website

https://www.ramssolgroup.com

Ramssol Group Bhd is principally involved in the business of software development and advisory business.

Ramssol Group Bhd (XKLS:0236) Headlines

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