Emirates Telecommunications Group Co PJSC (ADX:EAND) Days Payable : 90.23 (As of Dec. 2023)

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What is Emirates Telecommunications Group Co PJSC Days Payable?

Emirates Telecommunications Group Co PJSC's average Accounts Payable for the three months ended in Dec. 2023 was د.إ6,180 Mil. Emirates Telecommunications Group Co PJSC's Cost of Goods Sold for the three months ended in Dec. 2023 was د.إ6,250 Mil. Hence, Emirates Telecommunications Group Co PJSC's Days Payable for the three months ended in Dec. 2023 was 90.23.

The historical rank and industry rank for Emirates Telecommunications Group Co PJSC's Days Payable or its related term are showing as below:

ADX:EAND' s Days Payable Range Over the Past 10 Years
Min: 97.06 Med: 123.41 Max: 505.56
Current: 97.06

During the past 13 years, Emirates Telecommunications Group Co PJSC's highest Days Payable was 505.56. The lowest was 97.06. And the median was 123.41.

ADX:EAND's Days Payable is ranked worse than
51.72% of 348 companies
in the Telecommunication Services industry
Industry Median: 101.86 vs ADX:EAND: 97.06

Emirates Telecommunications Group Co PJSC's Days Payable declined from Dec. 2022 (109.59) to Dec. 2023 (90.23). It may suggest that Emirates Telecommunications Group Co PJSC accelerated paying its suppliers.

Emirates Telecommunications Group Co PJSC Days Payable Historical Data

The historical data trend for Emirates Telecommunications Group Co PJSC'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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Emirates Telecommunications Group Co PJSC Days Payable Chart

Emirates Telecommunications Group Co PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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118.95

127.86

117.74

105.26

97.27

Emirates Telecommunications Group Co PJSC 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															109.59	105.18	98.25	95.02	90.23

Competitive Comparison of Emirates Telecommunications Group Co PJSC's Days Payable

For the Telecom Services subindustry, Emirates Telecommunications Group Co PJSC'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.

Emirates Telecommunications Group Co PJSC's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Emirates Telecommunications Group Co PJSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Emirates Telecommunications Group Co PJSC's Days Payable falls into.

Emirates Telecommunications Group Co PJSC 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.

Emirates Telecommunications Group Co PJSC'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
=	( (6532.655	+	6202.528)	/	2 )	/	23894.334	*	365
=	6367.5915					/	23894.334	*	365
=	97.27

Emirates Telecommunications Group Co PJSC'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
=	( (6157.633	+	6202.528)	/	2 )	/	6249.962	*	365 / 4
=	6180.0805					/	6249.962	*	365 / 4
=	90.23

Emirates Telecommunications Group Co PJSC Days Payable Related Terms

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Emirates Telecommunications Group Co PJSC (ADX:EAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Emirates Telecommunications Group Co PJSC (ADX:EAND) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sheikh Rashid Bin Saeed Al Maktoum Street, P.O. Box 3838, Etisalat Building, Intersection of Zayed The 1st Street, Abu Dhabi, ARE

Website

https://www.etisalat.ae

Emirates Telecommunications Group Co PJSC is a telecommunications company. Through its subsidiaries, the company provides telecommunication and consulting services, media services, and equipment to over 15 countries in Asia and Africa. Etisalat specializes in fixed-line services, voice communication, wireless communication, and data communication services.

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