Abu Dhabi National Oil Co For Distribution PJSC (ADX:ADNOCDIST) Days Payable : 8.65 (As of Dec. 2023)

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What is Abu Dhabi National Oil Co For Distribution PJSC Days Payable?

Abu Dhabi National Oil Co For Distribution PJSC's average Accounts Payable for the three months ended in Dec. 2023 was د.إ762 Mil. Abu Dhabi National Oil Co For Distribution PJSC's Cost of Goods Sold for the three months ended in Dec. 2023 was د.إ8,038 Mil. Hence, Abu Dhabi National Oil Co For Distribution PJSC's Days Payable for the three months ended in Dec. 2023 was 8.65.

The historical rank and industry rank for Abu Dhabi National Oil Co For Distribution PJSC's Days Payable or its related term are showing as below:

ADX:ADNOCDIST' s Days Payable Range Over the Past 10 Years
Min: 6.63 Med: 12.11 Max: 31.94
Current: 8.85

During the past 9 years, Abu Dhabi National Oil Co For Distribution PJSC's highest Days Payable was 31.94. The lowest was 6.63. And the median was 12.11.

ADX:ADNOCDIST's Days Payable is ranked worse than
93.05% of 1079 companies
in the Retail - Cyclical industry
Industry Median: 56.41 vs ADX:ADNOCDIST: 8.85

Abu Dhabi National Oil Co For Distribution PJSC's Days Payable increased from Dec. 2022 (6.70) to Dec. 2023 (8.65). It may suggest that Abu Dhabi National Oil Co For Distribution PJSC delayed paying its suppliers.

Abu Dhabi National Oil Co For Distribution PJSC Days Payable Historical Data

The historical data trend for Abu Dhabi National Oil Co For Distribution 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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Abu Dhabi National Oil Co For Distribution PJSC Days Payable Chart

Abu Dhabi National Oil Co For Distribution PJSC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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28.59

21.27

11.70

6.63

7.84

Abu Dhabi National Oil Co For Distribution 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															6.70	8.24	9.72	9.85	8.65

Competitive Comparison of Abu Dhabi National Oil Co For Distribution PJSC's Days Payable

For the Specialty Retail subindustry, Abu Dhabi National Oil Co For Distribution 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.

Abu Dhabi National Oil Co For Distribution PJSC's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Abu Dhabi National Oil Co For Distribution PJSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Abu Dhabi National Oil Co For Distribution PJSC's Days Payable falls into.

Abu Dhabi National Oil Co For Distribution 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.

Abu Dhabi National Oil Co For Distribution 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
=	( (531.896	+	705.676)	/	2 )	/	28792.893	*	365
=	618.786					/	28792.893	*	365
=	7.84

Abu Dhabi National Oil Co For Distribution 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
=	( (818.224	+	705.676)	/	2 )	/	8038.423	*	365 / 4
=	761.95					/	8038.423	*	365 / 4
=	8.65

Abu Dhabi National Oil Co For Distribution PJSC Days Payable Related Terms

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Abu Dhabi National Oil Co For Distribution PJSC (ADX:ADNOCDIST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Abu Dhabi National Oil Co For Distribution PJSC (ADX:ADNOCDIST) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sheikh Zayed Bin Sultan Street, P.O. Box 4188, Next to National Drilling Company and UNB Building, Abu Dhabi, ARE

Website

https://www.adnocdistribution.ae

Abu Dhabi National Oil Co For Distribution PJSC is an operator of retail fuel service stations in the United Arab Emirates. The company segments include Commercial (B2B) and Retail (B2C). It generates maximum revenue from the Retail (B2C) segment. Retail (B2C) segment which involves the sale of gasoline and petroleum products, convenience store sales, car wash and other car care services, oil change services, vehicle inspection services and property leasing and management through the retail sites.

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