RENK Group AG (WBO:RENK) Days Payable : 39.73 (As of Dec. 2024)

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What is RENK Group AG Days Payable?

RENK Group AG's average Accounts Payable for the three months ended in Dec. 2024 was €115 Mil. RENK Group AG's Cost of Goods Sold for the three months ended in Dec. 2024 was €264 Mil. Hence, RENK Group AG's Days Payable for the three months ended in Dec. 2024 was 39.73.

The historical rank and industry rank for RENK Group AG's Days Payable or its related term are showing as below:

WBO:RENK' s Days Payable Range Over the Past 10 Years
Min: 35.33 Med: 48.44 Max: 148.92
Current: 47.71

During the past 5 years, RENK Group AG's highest Days Payable was 148.92. The lowest was 35.33. And the median was 48.44.

WBO:RENK's Days Payable is ranked worse than
67% of 300 companies
in the Aerospace & Defense industry
Industry Median: 68.74 vs WBO:RENK: 47.71

RENK Group AG's Days Payable declined from Dec. 2023 (53.02) to Dec. 2024 (39.73). It may suggest that RENK Group AG accelerated paying its suppliers.

RENK Group AG Days Payable Historical Data

The historical data trend for RENK Group AG'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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RENK Group AG Days Payable Chart

RENK Group AG Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

148.92

36.68

35.33

48.44

51.00

RENK Group AG Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial							53.02	55.04	45.97	49.61	39.73

Competitive Comparison of RENK Group AG's Days Payable

For the Aerospace & Defense subindustry, RENK Group AG'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.

RENK Group AG's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, RENK Group AG's Days Payable distribution charts can be found below:

* The bar in red indicates where RENK Group AG's Days Payable falls into.

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RENK Group AG 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.

RENK Group AG's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (123.612	+	116.956)	/	2 )	/	860.789	*	365
=	120.284					/	860.789	*	365
=	51.00

RENK Group AG's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (112.558	+	116.956)	/	2 )	/	263.59	*	365 / 4
=	114.757					/	263.59	*	365 / 4
=	39.73

RENK Group AG Days Payable Related Terms

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RENK Group AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » RENK Group AG (WBO:RENK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RNKGF:USA R3NKd:UK R3NK:Germany

Address

Gogginger street 73, Augsburg, BY, DEU, 86159

Website

https://www.renk.com

RENK Group AG provides vehicle mobility solutions. Its propulsion and drivetrain technology ensures the reliable deployment of forces to set vehicles, vessels, and machinery in motion. The company's business is divided into the following segments; Vehicle Mobility Solutions, Marine and Industry, and Slide Bearings. The Vehicle Mobility Solutions segment which generates maximum revenue, provides technology for the deployment of forces to set vehicles, vessels, and machinery in motion, and also offers products like engines, suspensions, electric drives, and power packs for military vehicles and test systems. Geographically, the company generates maximum revenue from Germany and the rest from America, Asia, Africa, other European countries, Other EU countries, and Australia and Oceania.

RENK Group AG Headlines

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