Arabian Drilling Co (SAU:2381) Days Payable : 57.70 (As of Mar. 2024)

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What is Arabian Drilling Co Days Payable?

Arabian Drilling Co's average Accounts Payable for the three months ended in Mar. 2024 was ﷼441 Mil. Arabian Drilling Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼698 Mil. Hence, Arabian Drilling Co's Days Payable for the three months ended in Mar. 2024 was 57.70.

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

SAU:2381' s Days Payable Range Over the Past 10 Years
Min: 30.44 Med: 30.49 Max: 78.49
Current: 78.49

During the past 3 years, Arabian Drilling Co's highest Days Payable was 78.49. The lowest was 30.44. And the median was 30.49.

SAU:2381's Days Payable is ranked better than
58.6% of 901 companies
in the Oil & Gas industry
Industry Median: 61.11 vs SAU:2381: 78.49

Arabian Drilling Co's Days Payable declined from Mar. 2023 (62.95) to Mar. 2024 (57.70). It may suggest that Arabian Drilling Co accelerated paying its suppliers.

Arabian Drilling Co Days Payable Historical Data

The historical data trend for Arabian Drilling Co'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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Arabian Drilling Co Days Payable Chart

Arabian Drilling Co Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

30.49

30.55

30.44

Arabian Drilling Co Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial						62.95	109.59	92.72	53.37	57.70

Competitive Comparison of Arabian Drilling Co's Days Payable

For the Oil & Gas Drilling subindustry, Arabian Drilling Co'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.

Arabian Drilling Co's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Arabian Drilling Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Arabian Drilling Co's Days Payable falls into.

Arabian Drilling Co 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.

Arabian Drilling Co'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
=	( (174.486	+	242.648)	/	2 )	/	2500.62	*	365
=	208.567					/	2500.62	*	365
=	30.44

Arabian Drilling Co'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
=	( (242.648	+	640.015)	/	2 )	/	697.935	*	365 / 4
=	441.3315					/	697.935	*	365 / 4
=	57.70

Arabian Drilling Co Days Payable Related Terms

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Arabian Drilling Co (SAU:2381) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Arabian Drilling Co (SAU:2381) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O.Box 4110, Al-Khobar, SAU, 31952

Website

https://www.arabdrill.com

Arabian Drilling Co is an onshore and offshore gas and oil rig drilling company in Saudi Arabia. It is principally engaged in the drilling of oil and natural gas wells, operations, maintenance and hauling of rigs and related activities. The operating segment of the company Provision of drilling and related services through land rigs and Provision of drilling and related services through off-shore rigs. Majority of revenue is generated from Provision of drilling and related services through land rigs.

Arabian Drilling Co (SAU:2381) Headlines

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