Ready Mix Concrete and Construction Supplies (AMM:RMCC) Days Payable : 82.21 (As of Mar. 2024)

View and export this data going back to 1997. Start your Free Trial

What is Ready Mix Concrete and Construction Supplies Days Payable?

Ready Mix Concrete and Construction Supplies's average Accounts Payable for the three months ended in Mar. 2024 was JOD8.95 Mil. Ready Mix Concrete and Construction Supplies's Cost of Goods Sold for the three months ended in Mar. 2024 was JOD9.93 Mil. Hence, Ready Mix Concrete and Construction Supplies's Days Payable for the three months ended in Mar. 2024 was 82.21.

The historical rank and industry rank for Ready Mix Concrete and Construction Supplies's Days Payable or its related term are showing as below:

AMM:RMCC' s Days Payable Range Over the Past 10 Years
Min: 23.79 Med: 44.87 Max: 80.64
Current: 80.64

During the past 13 years, Ready Mix Concrete and Construction Supplies's highest Days Payable was 80.64. The lowest was 23.79. And the median was 44.87.

AMM:RMCC's Days Payable is ranked better than
60.11% of 371 companies
in the Building Materials industry
Industry Median: 66.44 vs AMM:RMCC: 80.64

Ready Mix Concrete and Construction Supplies's Days Payable increased from Mar. 2023 (70.04) to Mar. 2024 (82.21). It may suggest that Ready Mix Concrete and Construction Supplies delayed paying its suppliers.

Ready Mix Concrete and Construction Supplies Days Payable Historical Data

The historical data trend for Ready Mix Concrete and Construction Supplies'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.

* Premium members only.

Ready Mix Concrete and Construction Supplies Days Payable Chart

Ready Mix Concrete and Construction Supplies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

43.02

72.18

57.44

58.98

Ready Mix Concrete and Construction Supplies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															70.04	58.67	50.27	-	82.21

Competitive Comparison of Ready Mix Concrete and Construction Supplies's Days Payable

For the Building Materials subindustry, Ready Mix Concrete and Construction Supplies'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.

Ready Mix Concrete and Construction Supplies's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Ready Mix Concrete and Construction Supplies's Days Payable distribution charts can be found below:

* The bar in red indicates where Ready Mix Concrete and Construction Supplies's Days Payable falls into.

Ready Mix Concrete and Construction Supplies 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.

Ready Mix Concrete and Construction Supplies'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
=	( (7.138	+	0)	/	1 )	/	0	*	365
=	7.138					/	0	*	365
=	N/A

Ready Mix Concrete and Construction Supplies's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	8.946)	/	1 )	/	9.93	*	365 / 4
=	8.946					/	9.93	*	365 / 4
=	82.21

Ready Mix Concrete and Construction Supplies Days Payable Related Terms

Thank you for viewing the detailed overview of Ready Mix Concrete and Construction Supplies's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Ready Mix Concrete and Construction Supplies (AMM:RMCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ready Mix Concrete and Construction Supplies (AMM:RMCC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 851602, Amman, JOR, 11185

Website

https://www.kingdomconcrete.jo

Ready Mix Concrete and Construction Supplies are engaged in supplying of ready-mix concrete to the construction industry. The company's project profile includes Hyatt, Sheraton, Holiday Inn, Queen Rania Al Abdullah Hospital for Children, Karak Bridge, Residential Buildings, and others.

Ready Mix Concrete and Construction Supplies (AMM:RMCC) Headlines

No Headlines