RTX AS (FRA:RTE) Days Payable : 51.39 (As of Jun. 2024)

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What is RTX AS Days Payable?

RTX AS's average Accounts Payable for the three months ended in Jun. 2024 was €5.21 Mil. RTX AS's Cost of Goods Sold for the three months ended in Jun. 2024 was €9.24 Mil. Hence, RTX AS's Days Payable for the three months ended in Jun. 2024 was 51.39.

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

FRA:RTE' s Days Payable Range Over the Past 10 Years
Min: 57.7 Med: 77.25 Max: 106.2
Current: 57.7

During the past 13 years, RTX AS's highest Days Payable was 106.20. The lowest was 57.70. And the median was 77.25.

FRA:RTE's Days Payable is ranked worse than
60.63% of 2418 companies
in the Hardware industry
Industry Median: 68.235 vs FRA:RTE: 57.70

RTX AS's Days Payable declined from Jun. 2023 (68.85) to Jun. 2024 (51.39). It may suggest that RTX AS accelerated paying its suppliers.

RTX AS Days Payable Historical Data

The historical data trend for RTX AS'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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RTX AS Days Payable Chart

RTX AS Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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91.69

79.70

106.19

76.68

61.43

RTX AS Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															68.85	47.95	86.88	46.74	51.39

Competitive Comparison of RTX AS's Days Payable

For the Communication Equipment subindustry, RTX AS'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.

RTX AS's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, RTX AS's Days Payable distribution charts can be found below:

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

RTX AS 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.

RTX AS's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (10.818	+	7.724)	/	2 )	/	55.088	*	365
=	9.271					/	55.088	*	365
=	61.43

RTX AS's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (4.266	+	6.147)	/	2 )	/	9.244	*	365 / 4
=	5.2065					/	9.244	*	365 / 4
=	51.39

RTX AS Days Payable Related Terms

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RTX AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » RTX AS (FRA:RTE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0NQJ:UK RTX:Denmark

Address

Stroemmen 6, Noerresundby, DNK, 9400

Website

http://www.rtx.dk

RTX A/S is engaged in the design, development, and production of wireless communication solutions rooted in a combination of software and hardware. RTX delivers turnkey solutions to globally recognized B2B customers. Its operating segment includes Enterprise, ProAudio and Healthcare. In Enterprise, the company designs, develop and supplies wireless IP telephony products and sub-systems. In ProAudio, it designs, develops, and manufactures wireless audio solutions. In Healthcare, the company builds wireless technology into modern healthcare services, providing patient monitoring solutions and wireless communication infrastructure for high-tech medical devices. Geographically, RTX A/S has a presence in Denmark; the USA; Hong Kong; France, Germany, and other countries.

RTX AS Headlines

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