Raba Automotive Holding (STU:RMV1) Days Payable : 50.25 (As of Mar. 2024)

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What is Raba Automotive Holding Days Payable?

Raba Automotive Holding's average Accounts Payable for the three months ended in Mar. 2024 was €19.4 Mil. Raba Automotive Holding's Cost of Goods Sold for the three months ended in Mar. 2024 was €35.3 Mil. Hence, Raba Automotive Holding's Days Payable for the three months ended in Mar. 2024 was 50.25.

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

STU:RMV1' s Days Payable Range Over the Past 10 Years
Min: 55.37 Med: 67.9 Max: 79.75
Current: 57.95

During the past 13 years, Raba Automotive Holding's highest Days Payable was 79.75. The lowest was 55.37. And the median was 67.90.

STU:RMV1's Days Payable is ranked worse than
57.31% of 1265 companies
in the Vehicles & Parts industry
Industry Median: 66.62 vs STU:RMV1: 57.95

Raba Automotive Holding's Days Payable declined from Mar. 2023 (59.94) to Mar. 2024 (50.25). It may suggest that Raba Automotive Holding accelerated paying its suppliers.

Raba Automotive Holding Days Payable Historical Data

The historical data trend for Raba Automotive 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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Raba Automotive Holding Days Payable Chart

Raba Automotive Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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65.22

66.23

61.82

60.55

55.37

Raba Automotive Holding Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															59.94	62.82	66.45	52.60	50.25

Competitive Comparison of Raba Automotive Holding's Days Payable

For the Auto Parts subindustry, Raba Automotive 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.

Raba Automotive Holding's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Raba Automotive Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Raba Automotive Holding's Days Payable falls into.

Raba Automotive 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.

Raba Automotive 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
=	( (25.877	+	20.95)	/	2 )	/	154.335	*	365
=	23.4135					/	154.335	*	365
=	55.37

Raba Automotive Holding's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (20.95	+	17.919)	/	2 )	/	35.289	*	365 / 4
=	19.4345					/	35.289	*	365 / 4
=	50.25

Raba Automotive Holding Days Payable Related Terms

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Raba Automotive Holding (STU:RMV1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Raba Automotive Holding PLC (STU:RMV1) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RABA:Hungary

Address

Martin ut 1, Gyor, HUN, 9027

Website

https://www.raba.hu

Raba Automotive Holding PLC operates in the automotive industry which operates in three divisions namely the Axle business unit, the Vehicle business unit, and the Automotive components business unit. The Axle segment comprises the manufacturing and sale of axles, parts, and components. The Vehicles segment includes the manufacturing of truck and bus undercarriages and related components, as well as the assembly and sale of vehicles. The parts components segment includes the manufacturing and sale of spare parts, seat frames, pressed frameworks and truck undercarriages, and sewing seat upholstery. Its products are installed in medium- and heavy-duty trucks, military trucks, buses, and others. The company generates a majority of its revenue from the Parts business segment.

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