Response Plus Holding (ADX:RPM) Days Payable : 158.50 (As of Dec. 2023)

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What is Response Plus Holding Days Payable?

Response Plus Holding's average Accounts Payable for the six months ended in Dec. 2023 was د.إ26.2 Mil. Response Plus Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was د.إ30.2 Mil. Hence, Response Plus Holding's Days Payable for the six months ended in Dec. 2023 was 158.50.

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

ADX:RPM' s Days Payable Range Over the Past 10 Years
Min: 121.68 Med: 167.32 Max: 1054.34
Current: 161.27

During the past 4 years, Response Plus Holding's highest Days Payable was 1054.34. The lowest was 121.68. And the median was 167.32.

ADX:RPM's Days Payable is ranked better than
78.78% of 900 companies
in the Oil & Gas industry
Industry Median: 60.89 vs ADX:RPM: 161.27

Response Plus Holding's Days Payable declined from Dec. 2022 (185.58) to Dec. 2023 (158.50). It may suggest that Response Plus Holding accelerated paying its suppliers.

Response Plus Holding Days Payable Historical Data

The historical data trend for Response Plus 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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Response Plus Holding Days Payable Chart

Response Plus Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

1,054.34

121.68

169.49

165.15

Response Plus Holding Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			122.19	179.02	185.58	160.57	158.50

Competitive Comparison of Response Plus Holding's Days Payable

For the Oil & Gas Equipment & Services subindustry, Response Plus 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.

Response Plus Holding's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Response Plus Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Response Plus Holding's Days Payable falls into.

Response Plus 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.

Response Plus 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
=	( (14.741	+	31.118)	/	2 )	/	50.678	*	365
=	22.9295					/	50.678	*	365
=	165.15

Response Plus Holding'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
=	( (21.317	+	31.118)	/	2 )	/	30.187	*	365 / 2
=	26.2175					/	30.187	*	365 / 2
=	158.50

Response Plus Holding Days Payable Related Terms

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Response Plus Holding (ADX:RPM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Response Plus Holding (ADX:RPM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Burjeel Medical City, MBZ City, P.O. Box 130336, Zone D, 3rd Floor, Abu Dhabi, ARE

Website

https://rpm.ae

Response Plus Holding is engaged in the supply of manpower and medical equipment and the management of hospitals, clinics, and medical centers. The company's business activities are; healthcare services, investment in the healthcare-related business, investing in real estate and movables necessary for carrying out its activities, and management of affiliated companies. Geographically, it operates in the following markets; United Arab Emirates, Kingdom of Saudi Arabia, and Sultanate of Oman. Out of which a majority of its revenue comes from the United Arab Emirates market.