Resideo Technologies (FRA:3RT) Days Payable : 73.94 (As of Mar. 2024)

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What is Resideo Technologies Days Payable?

Resideo Technologies's average Accounts Payable for the three months ended in Mar. 2024 was €810 Mil. Resideo Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was €999 Mil. Hence, Resideo Technologies's Days Payable for the three months ended in Mar. 2024 was 73.94.

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

FRA:3RT' s Days Payable Range Over the Past 10 Years
Min: 70.44 Med: 76.81 Max: 92.65
Current: 72.43

During the past 9 years, Resideo Technologies's highest Days Payable was 92.65. The lowest was 70.44. And the median was 76.81.

FRA:3RT's Days Payable is ranked better than
65.45% of 929 companies
in the Business Services industry
Industry Median: 46.74 vs FRA:3RT: 72.43

Resideo Technologies's Days Payable increased from Mar. 2023 (72.51) to Mar. 2024 (73.94). It may suggest that Resideo Technologies delayed paying its suppliers.

Resideo Technologies Days Payable Historical Data

The historical data trend for Resideo Technologies'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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Resideo Technologies Days Payable Chart

Resideo Technologies Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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91.55

94.37

75.04

68.25

73.28

Resideo Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															72.51	72.49	72.10	73.18	73.94

Competitive Comparison of Resideo Technologies's Days Payable

For the Security & Protection Services subindustry, Resideo Technologies'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.

Resideo Technologies's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Resideo Technologies's Days Payable distribution charts can be found below:

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

Resideo Technologies 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.

Resideo Technologies'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
=	( (843.936	+	829.885)	/	2 )	/	4168.682	*	365
=	836.9105					/	4168.682	*	365
=	73.28

Resideo Technologies'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
=	( (829.885	+	789.36)	/	2 )	/	999.12	*	365 / 4
=	809.6225					/	999.12	*	365 / 4
=	73.94

Resideo Technologies Days Payable Related Terms

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Resideo Technologies (FRA:3RT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Resideo Technologies Inc (FRA:3RT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

REZI:USA

Address

16100 North 71st Street, Suite 550, Scottsdale, AZ, USA, 85254

Website

https://www.resideo.com

Resideo Technologies Inc is a manufacturer and developer of technology-driven products and components that provide critical comfort, energy management, and safety and security solutions. The company has two reportable segments; Products and Solutions segment offers temperature and humidity control, energy products and solutions, water and air solutions, smoke and carbon monoxide detection home safety products, security panels, sensors, peripherals, wire and cable, communications devices, video cameras, other home-related lifestyle convenience solutions, and ADI Global Distribution segment includes wholesale distributor of low-voltage security products including access control, fire detection, security, and video products. It derives a majority of its revenue from the United States.

Resideo Technologies (FRA:3RT) Headlines

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