Rheinmetall AG (XTER:RHM) Days Payable : 83.12 (As of Dec. 2023)

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What is Rheinmetall AG Days Payable?

Rheinmetall AG's average Accounts Payable for the three months ended in Dec. 2023 was €1,090 Mil. Rheinmetall AG's Cost of Goods Sold for the three months ended in Dec. 2023 was €1,196 Mil. Hence, Rheinmetall AG's Days Payable for the three months ended in Dec. 2023 was 83.12.

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

XTER:RHM' s Days Payable Range Over the Past 10 Years
Min: 84.88 Med: 104.78 Max: 121.55
Current: 102.8

During the past 13 years, Rheinmetall AG's highest Days Payable was 121.55. The lowest was 84.88. And the median was 104.78.

XTER:RHM's Days Payable is ranked better than
60.27% of 297 companies
in the Aerospace & Defense industry
Industry Median: 77.81 vs XTER:RHM: 102.80

Rheinmetall AG's Days Payable increased from Dec. 2022 (70.62) to Dec. 2023 (83.12). It may suggest that Rheinmetall AG delayed paying its suppliers.

Rheinmetall AG Days Payable Historical Data

The historical data trend for Rheinmetall 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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Rheinmetall AG Days Payable Chart

Rheinmetall AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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84.88

96.07

104.79

104.77

121.31

Rheinmetall AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															70.62	143.79	124.55	103.34	83.12

Competitive Comparison of Rheinmetall AG's Days Payable

For the Aerospace & Defense subindustry, Rheinmetall 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.

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

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

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

Rheinmetall 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.

Rheinmetall AG'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
=	( (931	+	1222)	/	2 )	/	3239	*	365
=	1076.5					/	3239	*	365
=	121.31

Rheinmetall AG'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (957	+	1222)	/	2 )	/	1196	*	365 / 4
=	1089.5					/	1196	*	365 / 4
=	83.12

Rheinmetall AG Days Payable Related Terms

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Rheinmetall AG (XTER:RHM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Rheinmetall AG (XTER:RHM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RNMBY:USA RNMBF:USA 1RHM:Italy RHMd:UK 0NI1:UK RHM:Germany RHMB:Germany RHMB:Germany RHM:Germany RHM:Germany RHM:Austria

Address

Rheinmetall Platz 1, Dusseldorf, NW, DEU, 40476

Website

https://www.rheinmetall.com

Rheinmetall is an international group active in various markets with leading technological products and services. The sales focus is on the security technology and mobility segments. Since February 2021, the group structure has been made up of five divisions—vehicle systems, weapon and ammunition, electronic solutions, sensors and actuators, and materials and trade. The vehicle systems, weapon and ammunition, and electronic solutions divisions are among the defense and security industry's leading suppliers of innovative products to German and international defense forces. The sensors and actuators and materials and trade divisions' core area of expertise is the reduction of emissions, pollutants, and fuel consumption.

Executives

Professor Dr. Andreas Arthur Georgi	Supervisory Board
Ulrich Grillo	Supervisory Board
Armin Theodor Papperger	Board of Directors
Dagmar Steinert	Board of Directors
Armin Papperger	Board of Directors
Helmut P. Merch	Board of Directors
Professor Dr. Susanne Hannemann	Supervisory Board
Dr. Britta Giesen	Supervisory Board
Peter Sebastian Krause	Board of Directors

Rheinmetall AG (XTER:RHM) Headlines

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