Roma Green Finance (Roma Green Finance) Days Payable

: 10.78 (As of Mar. 2023)

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Roma Green Finance's average Accounts Payable for the six months ended in Mar. 2023 was $0.03 Mil. Roma Green Finance's Cost of Goods Sold for the six months ended in Mar. 2023 was $0.53 Mil. Hence, Roma Green Finance's Days Payable for the six months ended in Mar. 2023 was 10.78.

The historical rank and industry rank for Roma Green Finance's Days Payable or its related term are showing as below:

ROMA' s Days Payable Range Over the Past 10 Years
Min: 28.32 Med: 52.61 Max: 55.48
Current: 28.32

During the past 3 years, Roma Green Finance's highest Days Payable was 55.48. The lowest was 28.32. And the median was 52.61.

ROMA's Days Payable is ranked worse than
68.14% of 929 companies
in the Business Services industry
Industry Median: 47.73 vs ROMA: 28.32

Roma Green Finance's Days Payable declined from Mar. 2022 (60.25) to Mar. 2023 (10.78). It may suggest that Roma Green Finance accelerated paying its suppliers.

Roma Green Finance Days Payable Historical Data

The historical data trend for Roma Green Finance'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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Roma Green Finance Annual Data

Trend

Mar21

Mar22

Mar23

Days Payable

55.48

52.61

37.74

Roma Green Finance Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23
Days Payable	-	43.19	60.25	37.77	10.78

Competitive Comparison

For the Consulting Services subindustry, Roma Green Finance'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.

Roma Green Finance Days Payable Distribution

For the Business Services industry and Industrials sector, Roma Green Finance's Days Payable distribution charts can be found below:

* The bar in red indicates where Roma Green Finance's Days Payable falls into.

Roma Green Finance 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.

Roma Green Finance's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.171	+	0.036)	/	2 )	/	1.001	*	365
=	0.1035					/	1.001	*	365
=	37.74

Roma Green Finance's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (0.026	+	0.036)	/	2 )	/	0.525	*	365 / 2
=	0.031					/	0.525	*	365 / 2
=	10.78

Roma Green Finance Days Payable Related Terms

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Roma Green Finance (Roma Green Finance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Roma Green Finance Ltd (NAS:ROMA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Fleming Road, Flat 605, 6 Floor, Tai Tung Building, Wanchai, Hong Kong, HKG

Website

http://www.romaesg.com

Roma Green Finance Ltd is principally engaged in the provision of ESG, corporate governance and risk management as well as sustainability and climate change-related advisory services. The company works closely with its clients to help them understand, identify, manage and overcome various business matters arising from such factors related to ESG, sustainability and climate change. it provides tailored-made sustainability solutions to meet the client's specific needs. Its mission is to provide its clients with a one-stop destination for high-quality and holistic sustainability and climate change-related consulting services to support a more sustainable, balanced and inclusive future for our clients' organizations and the world.

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