Arabian Cement Co (CAI:ARCC) Days Payable : 85.35 (As of Dec. 2023)

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What is Arabian Cement Co Days Payable?

Arabian Cement Co's average Accounts Payable for the three months ended in Dec. 2023 was E£1,001 Mil. Arabian Cement Co's Cost of Goods Sold for the three months ended in Dec. 2023 was E£1,070 Mil. Hence, Arabian Cement Co's Days Payable for the three months ended in Dec. 2023 was 85.35.

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

CAI:ARCC' s Days Payable Range Over the Past 10 Years
Min: 26.37 Med: 72.14 Max: 111.82
Current: 71.6

During the past 12 years, Arabian Cement Co's highest Days Payable was 111.82. The lowest was 26.37. And the median was 72.14.

CAI:ARCC's Days Payable is ranked better than
53.24% of 370 companies
in the Building Materials industry
Industry Median: 66.17 vs CAI:ARCC: 71.60

Arabian Cement Co's Days Payable declined from Dec. 2022 (94.03) to Dec. 2023 (85.35). It may suggest that Arabian Cement Co accelerated paying its suppliers.

Arabian Cement Co Days Payable Historical Data

The historical data trend for Arabian Cement 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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Arabian Cement Co Days Payable Chart

Arabian Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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82.35

105.43

111.82

72.95

72.41

Arabian Cement Co 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															94.03	57.18	65.94	79.99	85.35

Competitive Comparison of Arabian Cement Co's Days Payable

For the Building Materials subindustry, Arabian Cement 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.

Arabian Cement Co's Days Payable Distribution in the Building Materials Industry

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

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

Arabian Cement 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.

Arabian Cement 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
=	( (816.012	+	1072.495)	/	2 )	/	4759.815	*	365
=	944.2535					/	4759.815	*	365
=	72.41

Arabian Cement 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (929.318	+	1072.495)	/	2 )	/	1070.078	*	365 / 4
=	1000.9065					/	1070.078	*	365 / 4
=	85.35

Arabian Cement Co Days Payable Related Terms

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Arabian Cement Co (CAI:ARCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Arabian Cement Co (CAI:ARCC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gamal Abdel Naser Square (Gharb Arabella), Fifth Settlement Arabella Plaza, 5th Floor, Office Building (A), New Cairo, EGY, 11835

Website

http://www.arabiancement.com

Arabian Cement Co is engaged in the business of manufacturing and selling clinker, cement, and other related products and usage of mines and extraction of all mining materials required to produce construction materials and road transportation of all the company's products. The company sells its products in Egypt and exports it to other countries, of which key revenue is derived within Egypt. Its products include Clinker, Cement and Concrete. Some of its brands are Al Mosalah and Al Nasr. It also offers delivery services through Express Wassal.