Qassim Cement Co (SAU:3040) Days Payable : 59.58 (As of Mar. 2024)

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What is Qassim Cement Co Days Payable?

Qassim Cement Co's average Accounts Payable for the three months ended in Mar. 2024 was ﷼74.2 Mil. Qassim Cement Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼113.6 Mil. Hence, Qassim Cement Co's Days Payable for the three months ended in Mar. 2024 was 59.58.

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

SAU:3040' s Days Payable Range Over the Past 10 Years
Min: 14.99 Med: 20.37 Max: 82.23
Current: 82.23

During the past 13 years, Qassim Cement Co's highest Days Payable was 82.23. The lowest was 14.99. And the median was 20.37.

SAU:3040's Days Payable is ranked better than
61.93% of 373 companies
in the Building Materials industry
Industry Median: 66.07 vs SAU:3040: 82.23

Qassim Cement Co's Days Payable declined from Mar. 2023 (60.30) to Mar. 2024 (59.58). It may suggest that Qassim Cement Co accelerated paying its suppliers.

Qassim Cement Co Days Payable Historical Data

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

Qassim Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

20.37

19.45

26.00

30.30

36.21

Qassim Cement Co 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															60.30	105.05	94.55	62.24	59.58

Competitive Comparison of Qassim Cement Co's Days Payable

For the Building Materials subindustry, Qassim 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.

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

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

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

Qassim 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.

Qassim 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
=	( (44.056	+	41.745)	/	2 )	/	432.459	*	365
=	42.9005					/	432.459	*	365
=	36.21

Qassim Cement 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
=	( (41.745	+	106.644)	/	2 )	/	113.635	*	365 / 4
=	74.1945					/	113.635	*	365 / 4
=	59.58

Qassim Cement Co Days Payable Related Terms

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Qassim Cement Co (SAU:3040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Qassim Cement Co (SAU:3040) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tarafiyyah Road, Unit No. 1, Building No. 4266, Buraydah, SAU, 52271-6735

Website

https://www.qcc.com.sa

Qassim Cement Co manufactures and produces cement and related products. The company produces Ordinary Portland Cement, European standard Portland Cement, Sulphate Resistant Cement, and Limestone Cement - Finishing Cement. The company's segment includes the Operating and Investment sector. It generates maximum revenue from the Operating segment.

Qassim Cement Co (SAU:3040) Headlines

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