Ringmetall SE (XTER:HP3A) Days Payable : 52.90 (As of Dec. 2023)

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What is Ringmetall SE Days Payable?

Ringmetall SE's average Accounts Payable for the six months ended in Dec. 2023 was €11.4 Mil. Ringmetall SE's Cost of Goods Sold for the six months ended in Dec. 2023 was €39.3 Mil. Hence, Ringmetall SE's Days Payable for the six months ended in Dec. 2023 was 52.90.

The historical rank and industry rank for Ringmetall SE's Days Payable or its related term are showing as below:

XTER:HP3A' s Days Payable Range Over the Past 10 Years
Min: 38.36 Med: 60.6 Max: 80.12
Current: 44.65

During the past 13 years, Ringmetall SE's highest Days Payable was 80.12. The lowest was 38.36. And the median was 60.60.

XTER:HP3A's Days Payable is ranked worse than
74.91% of 2934 companies
in the Industrial Products industry
Industry Median: 76.415 vs XTER:HP3A: 44.65

Ringmetall SE's Days Payable increased from Dec. 2022 (47.50) to Dec. 2023 (52.90). It may suggest that Ringmetall SE delayed paying its suppliers.

Ringmetall SE Days Payable Historical Data

The historical data trend for Ringmetall SE'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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Ringmetall SE Days Payable Chart

Ringmetall SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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58.16

61.30

49.51

38.36

40.03

Ringmetall SE Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															55.73	46.36	47.50	42.47	52.90

Competitive Comparison of Ringmetall SE's Days Payable

For the Tools & Accessories subindustry, Ringmetall SE'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.

Ringmetall SE's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ringmetall SE's Days Payable distribution charts can be found below:

* The bar in red indicates where Ringmetall SE's Days Payable falls into.

Ringmetall SE 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.

Ringmetall SE'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
=	( (10.713	+	9.305)	/	2 )	/	91.271	*	365
=	10.009					/	91.271	*	365
=	40.03

Ringmetall SE'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
=	( (13.477	+	9.305)	/	2 )	/	39.301	*	365 / 2
=	11.391					/	39.301	*	365 / 2
=	52.90

Ringmetall SE Days Payable Related Terms

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Ringmetall SE (XTER:HP3A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ringmetall SE (XTER:HP3A) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HP3:Germany HP3A:Germany HP3A:Germany

Address

Innere Wiener Street 9, Munich, BY, DEU, 81667

Website

https://www.ringmetall.de

Ringmetall SE is a supplier in the packaging industry with a focus on packaging elements in the field of industrial drums. Its main activities are allocated to the Industrial Packaging and Industrial Handling business units. The majority of its revenue is generated from industrial packaging segment. The products offered by the group are Clamping rings and lids, Vehicle attachment parts, and other products, of which a majority of the revenue is generated from the sales of Clamping rings and lids. The Industrial packaging segment covers the production and sale of clamping rings and the associated closures, whereas the Industrial Handling segment includes the production and marketing of vehicle attachment parts for special vehicles in logistics and warehouse logistics as well as agriculture.

Executives

Christoph Petri

Board of Directors

Ringmetall SE (XTER:HP3A) Headlines

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