Reliant Holdings (Reliant Holdings) Days Payable : 17.40 (As of Dec. 2023)

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What is Reliant Holdings Days Payable?

Reliant Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $0.08 Mil. Reliant Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.40 Mil. Hence, Reliant Holdings's Days Payable for the three months ended in Dec. 2023 was 17.40.

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

RELT' s Days Payable Range Over the Past 10 Years
Min: 3.62 Med: 13.8 Max: 19.56
Current: 12.29

During the past 8 years, Reliant Holdings's highest Days Payable was 19.56. The lowest was 3.62. And the median was 13.80.

RELT's Days Payable is ranked worse than
98.07% of 1605 companies
in the Construction industry
Industry Median: 74.35 vs RELT: 12.29

Reliant Holdings's Days Payable increased from Dec. 2022 (3.48) to Dec. 2023 (17.40). It may suggest that Reliant Holdings delayed paying its suppliers.

Reliant Holdings Days Payable Historical Data

The historical data trend for Reliant Holdings'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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Reliant Holdings Days Payable Chart

Reliant Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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16.98

3.62

10.61

Reliant Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															3.48	5.80	12.60	12.08	17.40

Competitive Comparison of Reliant Holdings's Days Payable

For the Engineering & Construction subindustry, Reliant Holdings'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.

Reliant Holdings's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Reliant Holdings's Days Payable distribution charts can be found below:

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

Reliant Holdings 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.

Reliant Holdings'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
=	( (0.033	+	0.059)	/	2 )	/	1.583	*	365
=	0.046					/	1.583	*	365
=	10.61

Reliant Holdings'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.092	+	0.059)	/	2 )	/	0.396	*	365 / 4
=	0.0755					/	0.396	*	365 / 4
=	17.40

Reliant Holdings Days Payable Related Terms

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Reliant Holdings (Reliant Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Reliant Holdings Inc (OTCPK:RELT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

12343 Hymeadow Drive, Suite 3-A, Austin, TX, USA, 78750

Website

https://reliantholdingsinc.com

Reliant Holdings Inc, through its subsidiary, is involved in assisting customers with the design of, and then construction, recreational pools that blend in with the surroundings, geometric pools that complement the home's architecture and water features. The company builds Freeform Pool and Geometric Pool, concrete pools, and in-ground residential swimming pools. It also offers cleaning, treating, maintenance, and repair services to pools and spas.

Executives

Miguel Chavez	10 percent owner	10012 BARBROOK DR, AUSTIN TX 78726
Elijah May	director, 10 percent owner, officer: President, CEO and COO	8400 JAMESTOWN DR. UNIT 422, AUSTIN TX 78758
Rebecca Spohn Donovan	10 percent owner	6501 SAN ANTONIO DR. NE #2403, ALBUQUERQUE NM 87109

Reliant Holdings (Reliant Holdings) Headlines

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