Renergen (ASX:RLT) Days Payable

: 589.49 (As of Aug. 2023)

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Renergen's average Accounts Payable for the six months ended in Aug. 2023 was A$3.45 Mil. Renergen's Cost of Goods Sold for the six months ended in Aug. 2023 was A$1.07 Mil. Hence, Renergen's Days Payable for the six months ended in Aug. 2023 was 589.49.

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

ASX:RLT' s Days Payable Range Over the Past 10 Years
Min: 339.38 Med: 664.28 Max: 1624.41
Current: 716.38

During the past 7 years, Renergen's highest Days Payable was 1624.41. The lowest was 339.38. And the median was 664.28.

ASX:RLT's Days Payable is ranked better than
93.78% of 901 companies
in the Oil & Gas industry
Industry Median: 60.33 vs ASX:RLT: 716.38

Renergen's Days Payable declined from Aug. 2022 (2,339.38) to Aug. 2023 (589.49). It may suggest that Renergen accelerated paying its suppliers.

Renergen Days Payable Historical Data

The historical data trend for Renergen'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.

* Premium members only.

Renergen Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Payable

1,055.57

534.78

351.75

535.26

1,640.94

Renergen Semi-Annual Data
	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Days Payable											1,674.96	1,636.42	2,339.38	1,367.80	589.49

Competitive Comparison

For the Oil & Gas E&P subindustry, Renergen'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.

Renergen Days Payable Distribution

For the Oil & Gas industry and Energy sector, Renergen's Days Payable distribution charts can be found below:

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

Renergen 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.

Renergen's Days Payable for the fiscal year that ended in Feb. 2023 is calculated as

	Days Payable (A: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2022 )	+	Accounts Payable (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (0.571	+	5.759)	/	2 )	/	0.704	*	365
=	3.165					/	0.704	*	365
=	1,640.94

Renergen's Days Payable for the quarter that ended in Aug. 2023 is calculated as:

	Days Payable (Q: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Feb. 2023 )	+	Accounts Payable (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (5.759	+	1.134)	/	2 )	/	1.067	*	365 / 2
=	3.4465					/	1.067	*	365 / 2
=	589.49

Renergen Days Payable Related Terms

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Renergen (ASX:RLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Renergen Ltd (ASX:RLT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

REN:South Africa RGNTF:USA RGNNF:USA 9960:Germany

Address

1 Bompas Road, First Floor, Dunkeld West, Johannesburg, ZAF, 2196

Website

https://www.renergen.co.za

Renergen Ltd is an investment holding company focused on the alternative and renewable energy sectors in South Africa and sub-Saharan Africa. It has two reportable segments namely Corporate Head office where all investment decisions are made; and Tetra4 Proprietary Ltd which explores, develops, and sells compressed natural gas to the South African market.

Renergen (ASX:RLT) Headlines

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