Ghida Alsultan for Fast Food Co (SAU:9567) Days Payable : 34.39 (As of Dec. 2023)

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What is Ghida Alsultan for Fast Food Co Days Payable?

Ghida Alsultan for Fast Food Co's average Accounts Payable for the six months ended in Dec. 2023 was ﷼10.7 Mil. Ghida Alsultan for Fast Food Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼56.6 Mil. Hence, Ghida Alsultan for Fast Food Co's Days Payable for the six months ended in Dec. 2023 was 34.39.

The historical rank and industry rank for Ghida Alsultan for Fast Food Co's Days Payable or its related term are showing as below:

SAU:9567' s Days Payable Range Over the Past 10 Years
Min: 39.09 Med: 47.04 Max: 49.51
Current: 39.09

During the past 2 years, Ghida Alsultan for Fast Food Co's highest Days Payable was 49.51. The lowest was 39.09. And the median was 47.04.

SAU:9567's Days Payable is ranked better than
51.48% of 338 companies
in the Restaurants industry
Industry Median: 38.19 vs SAU:9567: 39.09

Ghida Alsultan for Fast Food Co's Days Payable declined from Dec. 2022 (45.14) to Dec. 2023 (34.39). It may suggest that Ghida Alsultan for Fast Food Co accelerated paying its suppliers.

Ghida Alsultan for Fast Food Co Days Payable Historical Data

The historical data trend for Ghida Alsultan for Fast Food 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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Ghida Alsultan for Fast Food Co Days Payable Chart

Ghida Alsultan for Fast Food Co Annual Data

Trend

Dec22

Dec23

Days Payable

49.51

44.56

Ghida Alsultan for Fast Food Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Days Payable	-	45.14	38.77	34.39

Competitive Comparison of Ghida Alsultan for Fast Food Co's Days Payable

For the Restaurants subindustry, Ghida Alsultan for Fast Food 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.

Ghida Alsultan for Fast Food Co's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Ghida Alsultan for Fast Food Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ghida Alsultan for Fast Food Co's Days Payable falls into.

Ghida Alsultan for Fast Food 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.

Ghida Alsultan for Fast Food 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
=	( (11.692	+	13.415)	/	2 )	/	102.831	*	365
=	12.5535					/	102.831	*	365
=	44.56

Ghida Alsultan for Fast Food 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (7.931	+	13.415)	/	2 )	/	56.643	*	365 / 2
=	10.673					/	56.643	*	365 / 2
=	34.39

Ghida Alsultan for Fast Food Co Days Payable Related Terms

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Ghida Alsultan for Fast Food Co (SAU:9567) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Ghida Alsultan for Fast Food Co (SAU:9567) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Sultan Street, Al Basateen District, Jeddah, SAU, 11860-3312

Website

https://www.ghidas.com

Ghida Alsultan for Fast Food Co is engaged in the food and beverage sector. The company is engaged in one operating segment engaged in selling fast food restaurant operates completely within the kingdom of Saudi Arabia.

Ghida Alsultan for Fast Food Co (SAU:9567) Headlines

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