RMCO (Royalty Management Holding) Days Payable : 7,459.69 (As of Sep. 2024)

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What is Royalty Management Holding Days Payable?

Royalty Management Holding's average Accounts Payable for the three months ended in Sep. 2024 was $0.49 Mil. Royalty Management Holding's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.01 Mil. Hence, Royalty Management Holding's Days Payable for the three months ended in Sep. 2024 was 7,459.69.

The historical rank and industry rank for Royalty Management Holding's Days Payable or its related term are showing as below:

RMCO' s Days Payable Range Over the Past 10 Years
Min: 7655.27 Med: 10241.47 Max: 10241.47
Current: 7655.27

During the past 3 years, Royalty Management Holding's highest Days Payable was 10241.47. The lowest was 7655.27. And the median was 10241.47.

RMCO's Days Payable is ranked better than
97.19% of 462 companies
in the Asset Management industry
Industry Median: 68.435 vs RMCO: 7655.27

Royalty Management Holding's Days Payable declined from Sep. 2023 (27,648.75) to Sep. 2024 (7,459.69). It may suggest that Royalty Management Holding accelerated paying its suppliers.

Royalty Management Holding Days Payable Historical Data

The historical data trend for Royalty Management Holding'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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Royalty Management Holding Days Payable Chart

Royalty Management Holding Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

10,241.47

Royalty Management Holding Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial					27,648.75	9,632.58	14,493.54	3,418.37	7,459.69

Competitive Comparison of Royalty Management Holding's Days Payable

For the Asset Management subindustry, Royalty Management Holding'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.

Royalty Management Holding's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Royalty Management Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Royalty Management Holding's Days Payable falls into.

Royalty Management Holding 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.

Royalty Management Holding'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	+	0.477)	/	1 )	/	0.017	*	365
=	0.477					/	0.017	*	365
=	10,241.47

Royalty Management Holding'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
=	( (0.498	+	0.483)	/	2 )	/	0.006	*	365 / 4
=	0.4905					/	0.006	*	365 / 4
=	7,459.69

Royalty Management Holding Days Payable Related Terms

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Royalty Management Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Royalty Management Holding Corp (NAS:RMCO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

12115 Visionary Way, Unit 174, Fishers, IN, USA, 46038

Website

https://www.royaltymgmtcorp.com

Royalty Management Holding Corp formed to invest or purchase assets that have current or near-term income to provide the company with accretive cash flow from which it can reinvest in new assets or expand cash flow from existing assets. These assets typically are natural resources assets (including real estate and mining permits), patents, intellectual property, and emerging technologies.

Executives

Thomas M. Sauve	director	8856 SOUTH STREET, FISHERS IN 46038
Aqr Arbitrage Llc	10 percent owner	ONE GREENWICH PLAZA, GREENWICH CT 06830
Aqr Capital Management Llc	10 percent owner	ONE GREENWICH PLAZA, GREENWICH CT 06830
Aqr Capital Management Holdings, Llc	10 percent owner	ONE GREENWICH PLAZA, GREENWICH CT 06830
Mark C. Jensen	director, officer: Chairman and CEO	8856 SOUTH STREET, FISHERS IN 46038
Kirk Patrick Taylor	director, officer: President and CFO	8856 SOUTH STREET, FISHERS IN 46038