RLLWF (Reliance Worldwide) Days Payable : 58.21 (As of Jun. 2024)

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What is Reliance Worldwide Days Payable?

Reliance Worldwide's average Accounts Payable for the six months ended in Jun. 2024 was $127 Mil. Reliance Worldwide's Cost of Goods Sold for the six months ended in Jun. 2024 was $398 Mil. Hence, Reliance Worldwide's Days Payable for the six months ended in Jun. 2024 was 58.21.

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

RLLWF' s Days Payable Range Over the Past 10 Years
Min: 35.02 Med: 39.03 Max: 52.83
Current: 51.86

During the past 8 years, Reliance Worldwide's highest Days Payable was 52.83. The lowest was 35.02. And the median was 39.03.

RLLWF's Days Payable is ranked worse than
68.72% of 1656 companies
in the Construction industry
Industry Median: 75.77 vs RLLWF: 51.86

Reliance Worldwide's Days Payable increased from Jun. 2023 (56.48) to Jun. 2024 (58.21). It may suggest that Reliance Worldwide delayed paying its suppliers.

Reliance Worldwide Days Payable Historical Data

The historical data trend for Reliance Worldwide'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 Worldwide Days Payable Chart

Reliance Worldwide Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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37.32

44.23

42.59

36.01

37.04

Reliance Worldwide Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial											60.68	61.63	56.48	60.89	58.21

Competitive Comparison of Reliance Worldwide's Days Payable

For the Building Products & Equipment subindustry, Reliance Worldwide'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 Worldwide's Days Payable Distribution in the Construction Industry

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

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

Reliance Worldwide 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 Worldwide's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

	Days Payable (A: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (69.601	+	84.038)	/	2 )	/	756.992	*	365
=	76.8195					/	756.992	*	365
=	37.04

Reliance Worldwide's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (169.904	+	84.038)	/	2 )	/	398.055	*	365 / 2
=	126.971					/	398.055	*	365 / 2
=	58.21

Reliance Worldwide Days Payable Related Terms

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Reliance Worldwide Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Reliance Worldwide Corp Ltd (OTCPK:RLLWF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RWC:Australia

Address

140 William Street, Level 32, Melbourne, VIC, AUS, 3000

Website

https://www.rwc.com

Reliance manufactures behind-the-wall plumbing products, which include fittings, pipes, valves, fluid dispensers, pipe systems, and appliance connectors. Its main segment is the us, which comprises about three fourths of our midcycle EBITDA estimates. Other segments include EMEA and the Asia-Pacific, which contribute about 20% and less than 10%, respectively, of our midcycle EBITDA estimates. The firm is best known for its push-to-connect products, including the brands SharkBite in the us and John Guest in the United Kingdom. Reliance's primary target segment is the do-it-yourself market. Smaller sales segments include residential and commercial construction, and hot water system manufacturers, which use some Reliance products in manufacturing.