RELI (Reliance Global Group) Days Payable : 31.33 (As of Dec. 2024)

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What is Reliance Global Group Days Payable?

Reliance Global Group's average Accounts Payable for the three months ended in Dec. 2024 was $0.98 Mil. Reliance Global Group's Cost of Goods Sold for the three months ended in Dec. 2024 was $2.86 Mil. Hence, Reliance Global Group's Days Payable for the three months ended in Dec. 2024 was 31.33.

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

RELI' s Days Payable Range Over the Past 10 Years
Min: 6.58 Med: 23.79 Max: 851.67
Current: 33.24

During the past 11 years, Reliance Global Group's highest Days Payable was 851.67. The lowest was 6.58. And the median was 23.79.

RELI's Days Payable is ranked worse than
65.31% of 49 companies
in the Insurance industry
Industry Median: 52.66 vs RELI: 33.24

Reliance Global Group's Days Payable increased from Dec. 2023 (23.34) to Dec. 2024 (31.33). It may suggest that Reliance Global Group delayed paying its suppliers.

Reliance Global Group Days Payable Historical Data

The historical data trend for Reliance Global Group'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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Reliance Global Group Days Payable Chart

Reliance Global Group Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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37.83

39.28

22.18

22.45

25.13

Reliance Global Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															23.34	26.64	41.77	42.76	31.33

Competitive Comparison of Reliance Global Group's Days Payable

For the Insurance Brokers subindustry, Reliance Global Group'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.

Reliance Global Group's Days Payable Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Reliance Global Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Reliance Global Group's Days Payable falls into.

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Reliance Global Group 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.

Reliance Global Group's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (0.635	+	0.937)	/	2 )	/	11.416	*	365
=	0.786					/	11.416	*	365
=	25.13

Reliance Global Group's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (1.025	+	0.937)	/	2 )	/	2.857	*	365 / 4
=	0.981					/	2.857	*	365 / 4
=	31.33

Reliance Global Group Days Payable Related Terms

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Reliance Global Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Reliance Global Group Inc (NAS:RELI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Boulevard of the Americas, Suite 105, Lakewood, NJ, USA, 08701

Website

https://www.relianceglobalgroup.com

Reliance Global Group Inc operates as a holding company with diversified interests in the insurance market, as well as other related sectors. The company focuses on growing by pursuing acquisition strategies, initially and focused on wholesale and retail insurance agencies. Its primary strategies is to identify specific risks to reward arbitrage opportunities and develop these on a national platform, thereby increasing revenues and returns, and then identify and acquire undervalued wholesale and retail insurance agencies with operations in growing or underserved segments, expand and optimize their operations, and achieve asset value appreciation while generating interim cash flows. The company generates revenue in the form of commissions.

Executives

Alex Blumenfrucht	officer: CFO	517 REYNOLDS AVE, TOMS RIVER NJ 08755
Yaakov Beyman	officer: Executive VP, Insurance	300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Joel Markovits	officer: Chief Accounting Officer	300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Ezra Beyman	officer: CEO	300 BLVD OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Scott Korman	director	C/O NASHONE, INC., 175 ELM ROAD, ENGLEWOOD NJ 07361
William Y. Lebovics	officer: Chief Financial Officer	300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Reliance Global Holdings Llc	officer: CEO	300 BLVD. OF THE AMERICAS., SUITE 105, LAKEWOOD NJ 08701
Miriam Spitz	other: Director of Investor Services	18 SCENIC DRIVE, SUFFERN NY 10901
Jack Namer	director, 10 percent owner, officer: Chief Executive Officer	1500 NW 65TH AVENUE PLANTATION FL 33313
Amy M. Nalewaik	10 percent owner	1500 NW 65TH AVENUE PLANTATION FL 33313