Dubai Taxi Co (DFM:DTC) Days Payable : 137.62 (As of Mar. 2024)

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What is Dubai Taxi Co Days Payable?

Dubai Taxi Co's average Accounts Payable for the three months ended in Mar. 2024 was د.إ613 Mil. Dubai Taxi Co's Cost of Goods Sold for the three months ended in Mar. 2024 was د.إ407 Mil. Hence, Dubai Taxi Co's Days Payable for the three months ended in Mar. 2024 was 137.62.

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

DFM:DTC' s Days Payable Range Over the Past 10 Years
Min: 56.54 Med: 84.64 Max: 140.11
Current: 140.11

During the past 5 years, Dubai Taxi Co's highest Days Payable was 140.11. The lowest was 56.54. And the median was 84.64.

DFM:DTC's Days Payable is ranked better than
82% of 922 companies
in the Business Services industry
Industry Median: 47.74 vs DFM:DTC: 140.11

Dubai Taxi Co's Days Payable increased from Mar. 2023 (133.25) to Mar. 2024 (137.62). It may suggest that Dubai Taxi Co delayed paying its suppliers.

Dubai Taxi Co Days Payable Historical Data

The historical data trend for Dubai Taxi 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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Dubai Taxi Co Days Payable Chart

Dubai Taxi Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

56.54

84.64

74.48

88.06

133.26

Dubai Taxi Co Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial						133.25	-	143.74	126.87	137.62

Competitive Comparison of Dubai Taxi Co's Days Payable

For the Rental & Leasing Services subindustry, Dubai Taxi 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.

Dubai Taxi Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Dubai Taxi Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Dubai Taxi Co's Days Payable falls into.

Dubai Taxi 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.

Dubai Taxi 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
=	( (528.182	+	577.605)	/	2 )	/	1514.337	*	365
=	552.8935					/	1514.337	*	365
=	133.26

Dubai Taxi Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (577.605	+	648.573)	/	2 )	/	406.513	*	365 / 4
=	613.089					/	406.513	*	365 / 4
=	137.62

Dubai Taxi Co Days Payable Related Terms

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Dubai Taxi Co (DFM:DTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Dubai Taxi Co (DFM:DTC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Amman Street, First floor, main building, Al Muhaisnah area, Dubai, ARE

Website

https://www.dubaitaxi.ae

Dubai Taxi Co is a mobility solutions and taxi operator company in Dubai. It offers a wide range of transportation solutions across its four main business lines, which include taxi services through its large, environmentally friendly fleet, VIP limousine services consisting of chauffeur-driven vehicles to provide luxury service, bus services, and last-mile delivery services via delivery bikes. The company operates more than 7,000 vehicles.