Redrow (LSE:RDW) Days Payable : 157.34 (As of Dec. 2023)

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What is Redrow Days Payable?

Redrow's average Accounts Payable for the six months ended in Dec. 2023 was £529 Mil. Redrow's Cost of Goods Sold for the six months ended in Dec. 2023 was £613 Mil. Hence, Redrow's Days Payable for the six months ended in Dec. 2023 was 157.34.

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

LSE:RDW' s Days Payable Range Over the Past 10 Years
Min: 76.25 Med: 79.58 Max: 162.72
Current: 162.72

During the past 13 years, Redrow's highest Days Payable was 162.72. The lowest was 76.25. And the median was 79.58.

LSE:RDW's Days Payable is ranked better than
92.78% of 97 companies
in the Homebuilding & Construction industry
Industry Median: 41.29 vs LSE:RDW: 162.72

Redrow's Days Payable increased from Dec. 2022 (150.67) to Dec. 2023 (157.34). It may suggest that Redrow delayed paying its suppliers.

Redrow Days Payable Historical Data

The historical data trend for Redrow'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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Redrow Days Payable Chart

Redrow Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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77.52

109.47

80.54

76.25

88.49

Redrow 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															139.11	113.99	150.67	139.63	157.34

Competitive Comparison of Redrow's Days Payable

For the Residential Construction subindustry, Redrow'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.

Redrow's Days Payable Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Redrow's Days Payable distribution charts can be found below:

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

Redrow 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.

Redrow's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (385	+	400)	/	2 )	/	1619	*	365
=	392.5					/	1619	*	365
=	88.49

Redrow'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
=	( (400	+	657)	/	2 )	/	613	*	365 / 2
=	528.5					/	613	*	365 / 2
=	157.34

Redrow Days Payable Related Terms

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Redrow (LSE:RDW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Redrow PLC (LSE:RDW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RDWl:UK 1HO1:Germany

Address

Redrow House, St David's Park, Flintshire, GBR, CH5 3RX

Website

https://www.redrow.co.uk

Redrow PLC is a British construction company that focuses on residential construction. The company constructs single-family homes, apartments, and townhomes throughout England and Wales. It is one of the largest homebuilders in the region. Redrow operates across five distinct brands that provide various levels of luxury and styling for its customers to choose from. Single-family homes account for the majority of construction revenue, followed by apartment communities. The company operates approx 13 divisions across its regions, with London and surrounding communities providing the largest source of geographic revenue historically. Redrow is also engaged in land development for its future construction projects.