RLF AgTech (ASX:RLF) Days Payable : 126.10 (As of Dec. 2023)

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What is RLF AgTech Days Payable?

RLF AgTech's average Accounts Payable for the six months ended in Dec. 2023 was A$1.45 Mil. RLF AgTech's Cost of Goods Sold for the six months ended in Dec. 2023 was A$2.09 Mil. Hence, RLF AgTech's Days Payable for the six months ended in Dec. 2023 was 126.10.

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

ASX:RLF' s Days Payable Range Over the Past 10 Years
Min: 57.32 Med: 72.12 Max: 86.91
Current: 74.65

During the past 3 years, RLF AgTech's highest Days Payable was 86.91. The lowest was 57.32. And the median was 72.12.

ASX:RLF's Days Payable is ranked worse than
52.34% of 235 companies
in the Agriculture industry
Industry Median: 78.42 vs ASX:RLF: 74.65

RLF AgTech's Days Payable increased from Dec. 2022 (103.93) to Dec. 2023 (126.10). It may suggest that RLF AgTech delayed paying its suppliers.

RLF AgTech Days Payable Historical Data

The historical data trend for RLF AgTech'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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RLF AgTech Days Payable Chart

RLF AgTech Annual Data

Trend

Jun21

Jun22

Jun23

Days Payable

86.91

57.32

RLF AgTech Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Days Payable	-	103.93	47.66	126.10

Competitive Comparison of RLF AgTech's Days Payable

For the Agricultural Inputs subindustry, RLF AgTech'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.

RLF AgTech's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, RLF AgTech's Days Payable distribution charts can be found below:

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

RLF AgTech 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.

RLF AgTech's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.448	+	1.23)	/	2 )	/	5.343	*	365
=	0.839					/	5.343	*	365
=	57.32

RLF AgTech'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
=	( (1.23	+	1.661)	/	2 )	/	2.092	*	365 / 2
=	1.4455					/	2.092	*	365 / 2
=	126.10

RLF AgTech Days Payable Related Terms

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RLF AgTech (ASX:RLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » RLF AgTech Ltd (ASX:RLF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

61 Dowd Street, Welshpool, Perth, WA, AUS, 6106

Website

https://www.rlfagtech.com

RLF AgTech Ltd is engaged in the manufacturing and sale of technology-based plant nutrition products. Its offerings include Seed Primers, Soil & Fertigation, and Foliar.

RLF AgTech (ASX:RLF) Headlines

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