RENO (Renovare Environmental) Days Payable: 390.53 (As of Mar. 2022)


RENO Renovare Environmental Inc RENO
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What is Renovare Environmental Days Payable?

Renovare Environmental RENO 12 Days Payable is 390.53 as of Mar. 2022. GuruFocus rates RENO with a GF Score™ of 12/100.

Renovare Environmental's average Accounts Payable for the three months ended in Mar. 2022 was $4.41 Mil. Renovare Environmental's Cost of Goods Sold for the three months ended in Mar. 2022 was $1.03 Mil. Hence, Renovare Environmental's Days Payable for the three months ended in Mar. 2022 was 390.53.

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

RENO's Days Payable is not ranked *
in the Industrial Products industry.
Industry Median: 78.08
* Ranked among companies with meaningful Days Payable only.

Renovare Environmental's Days Payable increased from Mar. 2021 (112.07) to Mar. 2022 (390.53). It may suggest that Renovare Environmental delayed paying its suppliers.

Renovare Environmental Days Payable Historical Data

* Premium members only.

The historical data trend for Renovare Environmental'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.

Renovare Environmental Days Payable Chart

Renovare Environmental Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Days Payable
Get a 7-Day Free Trial Premium Member Only 268.99 368.55 369.75 231.83 115.91

Renovare Environmental Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 112.07 84.96 84.66 197.21 390.53

RENO vs PCTL, QWTR, TEGY: Days Payable Comparison

For the Pollution & Treatment Controls subindustry, Renovare Environmental'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.

Renovare Environmental Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Renovare Environmental's Days Payable distribution charts can be found below:

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


RENO
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Renovare Environmental Inc RENO
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Renovare Environmental 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.

Renovare Environmental's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

Days Payable (A: Dec. 2021 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2020 ) + Accounts Payable (A: Dec. 2021 )) / count ) / Cost of Goods Sold (A: Dec. 2021 )*Days in Period
=( (2.493 + 4.134) / 2 ) / 10.434*365
=3.3135 / 10.434*365
=115.91

Renovare Environmental's Days Payable for the quarter that ended in Mar. 2022 is calculated as:

Days Payable (Q: Mar. 2022 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2021 ) + Accounts Payable (Q: Mar. 2022 )) / count ) / Cost of Goods Sold (Q: Mar. 2022 )*Days in Period
=( (4.134 + 4.691) / 2 ) / 1.031*365 / 4
=4.4125 / 1.031*365 / 4
=390.53

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 390.53 mean?
Renovare Environmental (RENO) has a Days Payable of 390.53 as of Mar. 2022. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Renovare Environmental and its competitors.
Is Renovare Environmental's Days Payable too high?
Renovare Environmental's current Days Payable is 390.53. The Industrial Products industry median Days Payable is 78.08. Renovare Environmental's value of 390.53 is 400.2% above this industry median. Overall, Renovare Environmental has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Renovare Environmental's Days Payable compare to PCTL and QWTR?
Renovare Environmental's Days Payable of 390.53 can be compared against companies in the Industrial Products industry. The industry median Days Payable is 78.08. Renovare Environmental's value of 390.53 is 400.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Industrial Products company?
The median Days Payable among Industrial Products companies is 78.08, based on 2,992 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Renovare Environmental's current Days Payable of 390.53 is 400.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Renovare Environmental and its competitors. For the Industrial Products industry, the median Days Payable is 78.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Renovare Environmental's current Days Payable is 390.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Renovare Environmental stock overvalued right now?
Renovare Environmental (RENO) has a current Days Payable of 390.53. The current Days Payable is 390.53 and 400.2% above the Industrial Products industry median of 78.08. Renovare Environmental's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Renovare Environmental (RENO), the current Days Payable is 390.53 as of Mar. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Renovare Environmental Business Description

Address 80 Red Schoolhouse Road, Suite 101, Chestnut Ridge, NY, USA, 10977
Renovare Environmental Inc is a technology services company focused on providing cost-effective solutions that improve environmental outcomes. It provides a cost-effective path to ecological sustainability for private and public organizations. The company solutions include Food Digesters and Cloud-based Analytics.
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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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