River Tech (OSL:RIVER) Days Payable : 41.95 (As of Dec. 2023)

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What is River Tech Days Payable?

River Tech's average Accounts Payable for the six months ended in Dec. 2023 was kr5.7 Mil. River Tech's Cost of Goods Sold for the six months ended in Dec. 2023 was kr24.6 Mil. Hence, River Tech's Days Payable for the six months ended in Dec. 2023 was 41.95.

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

OSL:RIVER' s Days Payable Range Over the Past 10 Years
Min: 23.4 Med: 65.29 Max: 178.81
Current: 59.68

During the past 7 years, River Tech's highest Days Payable was 178.81. The lowest was 23.40. And the median was 65.29.

OSL:RIVER's Days Payable is ranked better than
54.53% of 2536 companies
in the Software industry
Industry Median: 50.42 vs OSL:RIVER: 59.68

River Tech's Days Payable declined from Dec. 2022 (57.90) to Dec. 2023 (41.95). It may suggest that River Tech accelerated paying its suppliers.

River Tech Days Payable Historical Data

The historical data trend for River Tech'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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River Tech Days Payable Chart

River Tech Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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53.49

178.81

97.05

72.89

57.68

River Tech Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial							64.26	618.76	57.90	225.31	41.95

Competitive Comparison of River Tech's Days Payable

For the Information Technology Services subindustry, River Tech'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.

River Tech's Days Payable Distribution in the Software Industry

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

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

River Tech 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.

River Tech'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
=	( (2.135	+	6.511)	/	2 )	/	27.357	*	365
=	4.323					/	27.357	*	365
=	57.68

River Tech'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
=	( (4.796	+	6.511)	/	2 )	/	24.596	*	365 / 2
=	5.6535					/	24.596	*	365 / 2
=	41.95

River Tech Days Payable Related Terms

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

River Tech (OSL:RIVER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » River Tech PLC (OSL:RIVER) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dragonara Road, Aragon House Business Center, Saint Julian's, MLT, STJ 3140

Website

https://www.river.tech

River Tech PLC is a technology company. The company offers business to business technology products. The company is focused on assisting companies with specialist competencies, by providing secure and tailormade, yet user-friendly solutions, for the delivery of services within the online sphere.

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