Dangote Cement (NSA:DCP) Days Payable : 38.48 (As of Dec. 2023)

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What is Dangote Cement Days Payable?

Dangote Cement's average Accounts Payable for the three months ended in Dec. 2023 was ₦153,320 Mil. Dangote Cement's Cost of Goods Sold for the three months ended in Dec. 2023 was ₦363,535 Mil. Hence, Dangote Cement's Days Payable for the three months ended in Dec. 2023 was 38.48.

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

NSA:DCP' s Days Payable Range Over the Past 10 Years
Min: 41.41 Med: 71.38 Max: 84.02
Current: 41.41

During the past 13 years, Dangote Cement's highest Days Payable was 84.02. The lowest was 41.41. And the median was 71.38.

NSA:DCP's Days Payable is ranked worse than
72.97% of 370 companies
in the Building Materials industry
Industry Median: 67.875 vs NSA:DCP: 41.41

Dangote Cement's Days Payable increased from Dec. 2022 (32.85) to Dec. 2023 (38.48). It may suggest that Dangote Cement delayed paying its suppliers.

Dangote Cement Days Payable Historical Data

The historical data trend for Dangote Cement'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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Dangote Cement Days Payable Chart

Dangote Cement Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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71.82

49.77

53.55

47.84

45.72

Dangote Cement 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															32.85	42.72	40.73	41.06	38.48

Competitive Comparison of Dangote Cement's Days Payable

For the Building Materials subindustry, Dangote Cement'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.

Dangote Cement's Days Payable Distribution in the Building Materials Industry

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

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

Dangote Cement 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.

Dangote Cement'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
=	( (68236	+	183861)	/	2 )	/	1006278	*	365
=	126048.5					/	1006278	*	365
=	45.72

Dangote Cement'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
=	( (122779	+	183861)	/	2 )	/	363535	*	365 / 4
=	153320					/	363535	*	365 / 4
=	38.48

Dangote Cement Days Payable Related Terms

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Dangote Cement (NSA:DCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Dangote Cement PLC (NSA:DCP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1, Alfred Rewane Road, P.O. Box 40032, Falomo, Ikoyi, Union Marble House, Lagos, NGA

Website

http://www.dangotecement.com

Dangote Cement PLC is a Nigerian cement manufacturer. It manufactures and markets cement and related products through its 'Dangote' brand. Its geographical segment includes Nigeria and Pan Africa. The company derives a majority of revenue from Nigeria segment.