RM (LSE:RM.) Days Payable : 47.10 (As of Nov. 2023)

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What is RM Days Payable?

RM's average Accounts Payable for the six months ended in Nov. 2023 was £17.8 Mil. RM's Cost of Goods Sold for the six months ended in Nov. 2023 was £69.1 Mil. Hence, RM's Days Payable for the six months ended in Nov. 2023 was 47.10.

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

LSE:RM.' s Days Payable Range Over the Past 10 Years
Min: 35.87 Med: 64.1 Max: 169.23
Current: 65.89

During the past 13 years, RM's highest Days Payable was 169.23. The lowest was 35.87. And the median was 64.10.

LSE:RM.'s Days Payable is ranked better than
57.41% of 2531 companies
in the Software industry
Industry Median: 50.13 vs LSE:RM.: 65.89

RM's Days Payable declined from Nov. 2022 (66.09) to Nov. 2023 (47.10). It may suggest that RM accelerated paying its suppliers.

RM Days Payable Historical Data

The historical data trend for RM'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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RM Days Payable Chart

RM Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

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102.69

169.23

109.28

69.59

71.68

RM Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Days Payable	Get a 7-Day Free Trial															49.82	63.80	66.09	81.26	47.10

Competitive Comparison of RM's Days Payable

For the Software - Application subindustry, RM'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.

RM's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, RM's Days Payable distribution charts can be found below:

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

RM 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.

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

	Days Payable (A: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2022 )	+	Accounts Payable (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (34.269	+	16.441)	/	2 )	/	129.103	*	365
=	25.355					/	129.103	*	365
=	71.68

RM's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (19.203	+	16.441)	/	2 )	/	69.059	*	365 / 2
=	17.822					/	69.059	*	365 / 2
=	47.10

RM Days Payable Related Terms

Thank you for viewing the detailed overview of RM's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

RM (LSE:RM.) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » RM PLC (LSE:RM.) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RMl:UK RM.GB:UK RMP1:Germany

Address

142B Park Drive, Milton Park, Milton, Abingdon, Oxfordshire, GBR, OX14 4SE

Website

https://www.rmplc.com

RM PLC provides resources, software, and services to the education sector. The company is structured into three operating divisions: RM Resources, RM Assessment, and RM Technology. The RM Resources division consists of the operating business of TTS. TTS provides education resources used in schools through a predominantly direct marketing business model. The RM Assessment business provides IT software and services to exam boards and professional bodies to allow e-assessment. RM Technology division focuses on supplying IT software and services to schools and colleges. Its primary geographic markets are the United Kingdom, Europe, North America, Asia, the Middle East, and the Rest of the world.

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