Rare Earth Magnesium Technology Group Holdings (STU:GPS) Days Payable : 15.39 (As of Dec. 2023)

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

What is Rare Earth Magnesium Technology Group Holdings Days Payable?

Rare Earth Magnesium Technology Group Holdings's average Accounts Payable for the six months ended in Dec. 2023 was €2.09 Mil. Rare Earth Magnesium Technology Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was €24.74 Mil. Hence, Rare Earth Magnesium Technology Group Holdings's Days Payable for the six months ended in Dec. 2023 was 15.39.

The historical rank and industry rank for Rare Earth Magnesium Technology Group Holdings's Days Payable or its related term are showing as below:

STU:GPS' s Days Payable Range Over the Past 10 Years
Min: 14.92 Med: 25.07 Max: 58.95
Current: 18.46

During the past 13 years, Rare Earth Magnesium Technology Group Holdings's highest Days Payable was 58.95. The lowest was 14.92. And the median was 25.07.

STU:GPS's Days Payable is not ranked
in the Metals & Mining industry.
Industry Median: 137.14 vs STU:GPS: 18.46

Rare Earth Magnesium Technology Group Holdings's Days Payable declined from Dec. 2022 (21.94) to Dec. 2023 (15.39). It may suggest that Rare Earth Magnesium Technology Group Holdings accelerated paying its suppliers.

Rare Earth Magnesium Technology Group Holdings Days Payable Historical Data

The historical data trend for Rare Earth Magnesium Technology Group 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.

* Premium members only.

Rare Earth Magnesium Technology Group Holdings Days Payable Chart

Rare Earth Magnesium Technology Group Holdings Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

14.74

26.25

24.80

16.21

17.53

Rare Earth Magnesium Technology Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															13.07	16.44	21.94	25.09	15.39

Competitive Comparison of Rare Earth Magnesium Technology Group Holdings's Days Payable

For the Other Industrial Metals & Mining subindustry, Rare Earth Magnesium Technology Group 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.

Rare Earth Magnesium Technology Group Holdings's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rare Earth Magnesium Technology Group Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Rare Earth Magnesium Technology Group Holdings's Days Payable falls into.

Rare Earth Magnesium Technology Group 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.

Rare Earth Magnesium Technology Group 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
=	( (2.116	+	1.817)	/	2 )	/	40.951	*	365
=	1.9665					/	40.951	*	365
=	17.53

Rare Earth Magnesium Technology Group Holdings's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.356	+	1.817)	/	2 )	/	24.743	*	365 / 2
=	2.0865					/	24.743	*	365 / 2
=	15.39

Rare Earth Magnesium Technology Group Holdings Days Payable Related Terms

Thank you for viewing the detailed overview of Rare Earth Magnesium Technology Group Holdings's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Rare Earth Magnesium Technology Group Holdings (STU:GPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rare Earth Magnesium Technology Group Holdings Ltd (STU:GPS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

00601:Hong Kong

Address

The Gateway, 16th Floor, Tower 5, Tsim Sha Tsui, Kowloon, Harbour city, Hong Kong, HKG

Website

http://www.remt.com.hk

Rare Earth Magnesium Technology Group Holdings Ltd is to develop, produce and sell magnesium alloy series products. The company is principally engaged in one single segment, which is manufacturing and selling magnesium-related products. The company's products include magnesium ingots, semi-coke, and ferroalloy. Geographically, it derives the majority of its revenue from Mainland China and also has a presence in Europe.