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Remgro (JSE:REM) Days Payable : 45.75 (As of Dec. 2023)


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What is Remgro Days Payable?

Remgro's average Accounts Payable for the six months ended in Dec. 2023 was R4,778 Mil. Remgro's Cost of Goods Sold for the six months ended in Dec. 2023 was R19,059 Mil. Hence, Remgro's Days Payable for the six months ended in Dec. 2023 was 45.75.

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

JSE:REM' s Days Payable Range Over the Past 10 Years
Min: 43.48   Med: 56.16   Max: 92.16
Current: 90.75

During the past 13 years, Remgro's highest Days Payable was 92.16. The lowest was 43.48. And the median was 56.16.

JSE:REM's Days Payable is ranked better than
55.89% of 467 companies
in the Asset Management industry
Industry Median: 69.6 vs JSE:REM: 90.75

Remgro's Days Payable declined from Dec. 2022 (135.26) to Dec. 2023 (45.75). It may suggest that Remgro accelerated paying its suppliers.

Remgro Days Payable Historical Data

The historical data trend for Remgro'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.

Remgro Days Payable Chart

Remgro Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.58 57.45 51.65 92.16 54.87

Remgro Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 75.78 753.52 135.26 102.80 45.75

Competitive Comparison of Remgro's Days Payable

For the Asset Management subindustry, Remgro'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.

Remgro's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Remgro's Days Payable distribution charts can be found below:

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


Remgro 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.

Remgro'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
=( (8615 + 2086) / 2 ) / 35589*365
=5350.5 / 35589*365
=54.87

Remgro'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
=( (2086 + 7470) / 2 ) / 19059*365 / 2
=4778 / 19059*365 / 2
=45.75

* 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.

Remgro Days Payable Related Terms

Thank you for viewing the detailed overview of Remgro's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Remgro (JSE:REM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Remgro Ltd (JSE:REM) » Definitions » Days Payable
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Traded in Other Exchanges
RMGOF:USA RE7:Germany
Address
16 Stellentia Avenue, Millennia Park, Stellenbosch, ZAF, 7600
Website
https://www.remgro.com
Remgro Ltd is an investment holding company that consists of operating subsidiaries and noncontrolled investments in listed and unlisted companies. The company's investments span a variety of end markets, including food, liquor, home care, banking, healthcare, insurance, industrial, infrastructure, media, and sports industries. Its business model emphasizes decentralization, particularly concerning the management and corporate governance matters of its holdings. Management invests in companies it believes can generate superior levels of free cash flow. Its investment candidates mostly come from South Africa, where the company operates. Management also makes global investments in tandem with experienced partners.