ReTo Eco-Solutions (ReTo Eco-Solutions) Days Payable : 444.96 (As of Jun. 2023)

View and export this data going back to 2017. Start your Free Trial

What is ReTo Eco-Solutions Days Payable?

ReTo Eco-Solutions's average Accounts Payable for the six months ended in Jun. 2023 was $2.78 Mil. ReTo Eco-Solutions's Cost of Goods Sold for the six months ended in Jun. 2023 was $1.14 Mil. Hence, ReTo Eco-Solutions's Days Payable for the six months ended in Jun. 2023 was 444.96.

The historical rank and industry rank for ReTo Eco-Solutions's Days Payable or its related term are showing as below:

RETO' s Days Payable Range Over the Past 10 Years
Min: 46.22 Med: 104.49 Max: 232.22
Current: 232.22

During the past 8 years, ReTo Eco-Solutions's highest Days Payable was 232.22. The lowest was 46.22. And the median was 104.49.

RETO's Days Payable is ranked better than
90.27% of 370 companies
in the Building Materials industry
Industry Median: 67.875 vs RETO: 232.22

ReTo Eco-Solutions's Days Payable increased from Jun. 2022 (172.89) to Jun. 2023 (444.96). It may suggest that ReTo Eco-Solutions delayed paying its suppliers.

ReTo Eco-Solutions Days Payable Historical Data

The historical data trend for ReTo Eco-Solutions'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.

ReTo Eco-Solutions Days Payable Chart

ReTo Eco-Solutions Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

46.22

61.95

94.75

158.25

153.19

ReTo Eco-Solutions Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial											107.25	196.79	172.89	152.22	444.96

Competitive Comparison of ReTo Eco-Solutions's Days Payable

For the Building Materials subindustry, ReTo Eco-Solutions'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.

ReTo Eco-Solutions's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, ReTo Eco-Solutions's Days Payable distribution charts can be found below:

* The bar in red indicates where ReTo Eco-Solutions's Days Payable falls into.

ReTo Eco-Solutions 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.

ReTo Eco-Solutions's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (2.132	+	2.625)	/	2 )	/	5.667	*	365
=	2.3785					/	5.667	*	365
=	153.19

ReTo Eco-Solutions's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (2.625	+	2.934)	/	2 )	/	1.14	*	365 / 2
=	2.7795					/	1.14	*	365 / 2
=	444.96

ReTo Eco-Solutions Days Payable Related Terms

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

ReTo Eco-Solutions (ReTo Eco-Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » ReTo Eco-Solutions Inc (NAS:RETO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Beijing REIT Technology Development Co., Ltd., X-702, Runfengdeshangyuan, 60 Anli Road, Chaoyang District, Beijing, CHN, 100101

Website

http://www.retoeco.com

ReTo Eco-Solutions Inc is a manufacturer and distributor of eco-friendly construction materials and fly-ash, as well as equipment used to produce these eco-friendly construction materials. The company engaged in providing consultation, design, project implementation and construction of urban ecological environments for capturing, controlling and re-using rainwater. It operates through four segments namely Machinery and Equipment sales, Construction materials sales, Municipal Construction Projects, and Technology Consulting and other services. The company earns its revenue from Machinery and Equipment sales segment. Geographically, it derives a majority of its revenue from China.