RMAX (RE/MAX Holdings) Days Payable : 19.15 (As of Sep. 2024)

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What is RE/MAX Holdings Days Payable?

RE/MAX Holdings's average Accounts Payable for the three months ended in Sep. 2024 was $4.2 Mil. RE/MAX Holdings's Cost of Goods Sold for the three months ended in Sep. 2024 was $20.1 Mil. Hence, RE/MAX Holdings's Days Payable for the three months ended in Sep. 2024 was 19.15.

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

RMAX' s Days Payable Range Over the Past 10 Years
Min: 12.3 Med: 16.16 Max: 23.64
Current: 22.07

During the past 13 years, RE/MAX Holdings's highest Days Payable was 23.64. The lowest was 12.30. And the median was 16.16.

RMAX's Days Payable is ranked worse than
85.28% of 1569 companies
in the Real Estate industry
Industry Median: 97.76 vs RMAX: 22.07

RE/MAX Holdings's Days Payable declined from Sep. 2023 (26.04) to Sep. 2024 (19.15). It may suggest that RE/MAX Holdings accelerated paying its suppliers.

RE/MAX Holdings Days Payable Historical Data

The historical data trend for RE/MAX 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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RE/MAX Holdings Days Payable Chart

RE/MAX Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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12.30

14.43

16.16

22.94

23.64

RE/MAX Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															26.04	28.70	17.55	14.04	19.15

Competitive Comparison of RE/MAX Holdings's Days Payable

For the Real Estate Services subindustry, RE/MAX 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.

RE/MAX Holdings's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, RE/MAX Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where RE/MAX Holdings's Days Payable falls into.

RE/MAX 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.

RE/MAX 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
=	( (6.165	+	4.7)	/	2 )	/	83.861	*	365
=	5.4325					/	83.861	*	365
=	23.64

RE/MAX Holdings's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (3.088	+	5.347)	/	2 )	/	20.098	*	365 / 4
=	4.2175					/	20.098	*	365 / 4
=	19.15

RE/MAX Holdings Days Payable Related Terms

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RE/MAX Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » RE/MAX Holdings Inc (NYSE:RMAX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

2RM:Germany

Address

5075 South Syracuse Street, Denver, CO, USA, 80237

Website

https://www.remax.com

RE/MAX Holdings Inc operates as a franchisor of real estate brokerage services. It recruits and retains agents and sells franchises. The company's operating segments include Real Estate, Mortgage, Marketing Funds, and Others. It generates maximum revenue from the Real Estate segment.

Executives

Magnolia Capital Fund, Lp	10 percent owner	1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Leah R Jenkins	officer: VP, Chief Accounting Officer	5075 S. SYRACUSE ST., DENVER CO 80237
Susan L Winders	officer: Vice President General Counsel	5075 S. SYRACUSE ST., DENVER CO 80237
Kathleen J Cunningham	director	5075 S. SYRACUSE ST., DENVER CO 80237
Norman K. Jenkins	director	9211 GLADYS FARM WAY, GAITHERSBURG MD 20882
Adam W Grosshans	officer: VP, Chief Accounting Officer	5075 S SYRACUSE ST, DENVER CO 80218
Katherine Lee Scherping	director	6312 SOUTH FIDDLERS GREEN CIRCLE, SUITE 200 NORTH, GREENWOOD VILLAGE CO 80111
Ronald E. Harrison	director	5075 S. SYRACUSE ST., DENVER CO 80237
William Grady Ligon	officer: Chief Information Officer	5075 S. SYRACUSE ST., DENVER CO 80237
Adam K Peterson	10 percent owner	1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Magnolia Group, Llc	10 percent owner	1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Annita M Menogan	director	5075 S. SYRACUSE ST., DENVER CO 80237
Brett A Ritchie	officer: VP, Chief Accounting Officer	5075 S. SYRACUSE ST., DENVER CO 80237
Daniel J. Predovich	director	5075 S. SYRACUSE ST., DENVER CO 80237
Laura G. Kelly	director	PO BOX 807, 663 HIGHWAY 60, MONETT MO 65708