Ghitha Holding PJSC (ADX:GHITHA) Days Payable : 84.61 (As of Sep. 2023)

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What is Ghitha Holding PJSC Days Payable?

Ghitha Holding PJSC's average Accounts Payable for the three months ended in Sep. 2023 was د.إ955 Mil. Ghitha Holding PJSC's Cost of Goods Sold for the three months ended in Sep. 2023 was د.إ1,030 Mil. Hence, Ghitha Holding PJSC's Days Payable for the three months ended in Sep. 2023 was 84.61.

The historical rank and industry rank for Ghitha Holding PJSC's Days Payable or its related term are showing as below:

ADX:GHITHA' s Days Payable Range Over the Past 10 Years
Min: 41.61 Med: 53.6 Max: 93.39
Current: 93.39

During the past 4 years, Ghitha Holding PJSC's highest Days Payable was 93.39. The lowest was 41.61. And the median was 53.60.

ADX:GHITHA's Days Payable is ranked better than
89.61% of 308 companies
in the Retail - Defensive industry
Industry Median: 43.72 vs ADX:GHITHA: 93.39

Ghitha Holding PJSC's Days Payable increased from Jun. 2022 (60.50) to Sep. 2023 (84.61). It may suggest that Ghitha Holding PJSC delayed paying its suppliers.

Ghitha Holding PJSC Days Payable Historical Data

The historical data trend for Ghitha Holding 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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Ghitha Holding PJSC Days Payable Chart

Ghitha Holding PJSC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Payable

41.61

57.29

64.82

49.91

Ghitha Holding PJSC Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial							60.50	76.23	58.10	61.41	84.61

Competitive Comparison of Ghitha Holding PJSC's Days Payable

For the Food Distribution subindustry, Ghitha Holding 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.

Ghitha Holding PJSC's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ghitha Holding PJSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Ghitha Holding PJSC's Days Payable falls into.

Ghitha Holding 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.

Ghitha Holding PJSC's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (121.69	+	396.594)	/	2 )	/	1895.244	*	365
=	259.142					/	1895.244	*	365
=	49.91

Ghitha Holding PJSC's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (940.305	+	970.04)	/	2 )	/	1030.181	*	365 / 4
=	955.1725					/	1030.181	*	365 / 4
=	84.61

Ghitha Holding PJSC Days Payable Related Terms

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Ghitha Holding PJSC (ADX:GHITHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ghitha Holding PJSC (ADX:GHITHA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Meena Zayed Port Area, P.O. Box 53314, Abu Dhabi, ARE

Website

https://www.ghitha.com

Ghitha Holding PJSC is engaged in trading, re-packaging, storage, and distribution of food and non-food products. The product portfolio includes dry food products, canned foods, frozen food, processed food items, household items, stationeries, disposables, toiletries, chemicals, and other products.

Ghitha Holding PJSC (ADX:GHITHA) Headlines

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