Najran Cement Co (SAU:3002) Days Payable : 46.03 (As of Dec. 2023)

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What is Najran Cement Co Days Payable?

Najran Cement Co's average Accounts Payable for the three months ended in Dec. 2023 was ﷼44.2 Mil. Najran Cement Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ﷼87.5 Mil. Hence, Najran Cement Co's Days Payable for the three months ended in Dec. 2023 was 46.03.

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

SAU:3002' s Days Payable Range Over the Past 10 Years
Min: 31.79 Med: 37.34 Max: 48.19
Current: 47.37

During the past 13 years, Najran Cement Co's highest Days Payable was 48.19. The lowest was 31.79. And the median was 37.34.

SAU:3002's Days Payable is ranked worse than
67.29% of 373 companies
in the Building Materials industry
Industry Median: 66.07 vs SAU:3002: 47.37

Najran Cement Co's Days Payable increased from Dec. 2022 (45.10) to Dec. 2023 (46.03). It may suggest that Najran Cement Co delayed paying its suppliers.

Najran Cement Co Days Payable Historical Data

The historical data trend for Najran Cement 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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Najran Cement Co Days Payable Chart

Najran Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

31.79

34.75

46.64

45.28

48.19

Najran Cement Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															45.10	44.62	53.30	45.74	46.03

Competitive Comparison of Najran Cement Co's Days Payable

For the Building Materials subindustry, Najran Cement 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.

Najran Cement Co's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Najran Cement Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Najran Cement Co's Days Payable falls into.

Najran Cement 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.

Najran Cement 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
=	( (45.79	+	44.835)	/	2 )	/	343.22	*	365
=	45.3125					/	343.22	*	365
=	48.19

Najran Cement Co'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (43.491	+	44.835)	/	2 )	/	87.544	*	365 / 4
=	44.163					/	87.544	*	365 / 4
=	46.03

Najran Cement Co Days Payable Related Terms

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Najran Cement Co (SAU:3002) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Najran Cement Co (SAU:3002) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9204 King Saud Road, Najran, SAU, 66256-3579

Website

http://www.najrancement.com

Najran Cement Co is engaged in the business of manufacturing ordinary Portland cement and cement resistant to salts. Its products include Type I-Ordinary Portland Cement and Type V-Sulphate Resistant Cement. The company is engaged in one operating segment, i.e., manufacturing cement and operates in the Kingdom of Saudi Arabia and certain foreign jurisdictions.

Najran Cement Co (SAU:3002) Headlines

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