Methanol Chemicals Co (SAU:2001) Days Payable : 15.80 (As of Dec. 2023)

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What is Methanol Chemicals Co Days Payable?

Methanol Chemicals Co's average Accounts Payable for the three months ended in Dec. 2023 was ﷼37.9 Mil. Methanol Chemicals Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ﷼218.8 Mil. Hence, Methanol Chemicals Co's Days Payable for the three months ended in Dec. 2023 was 15.80.

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

SAU:2001' s Days Payable Range Over the Past 10 Years
Min: 17.11 Med: 26.68 Max: 37.75
Current: 17.11

During the past 13 years, Methanol Chemicals Co's highest Days Payable was 37.75. The lowest was 17.11. And the median was 26.68.

SAU:2001's Days Payable is ranked worse than
92.56% of 1505 companies
in the Chemicals industry
Industry Median: 60.89 vs SAU:2001: 17.11

Methanol Chemicals Co's Days Payable declined from Dec. 2022 (15.91) to Dec. 2023 (15.80). It may suggest that Methanol Chemicals Co accelerated paying its suppliers.

Methanol Chemicals Co Days Payable Historical Data

The historical data trend for Methanol Chemicals 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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Methanol Chemicals Co Days Payable Chart

Methanol Chemicals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

35.58

19.28

17.79

17.32

21.67

Methanol Chemicals 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															15.91	15.18	17.62	15.41	15.80

Competitive Comparison of Methanol Chemicals Co's Days Payable

For the Chemicals subindustry, Methanol Chemicals 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.

Methanol Chemicals Co's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Methanol Chemicals Co's Days Payable falls into.

Methanol Chemicals 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.

Methanol Chemicals 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
=	( (30.824	+	54.509)	/	2 )	/	718.581	*	365
=	42.6665					/	718.581	*	365
=	21.67

Methanol Chemicals 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
=	( (21.285	+	54.509)	/	2 )	/	218.804	*	365 / 4
=	37.897					/	218.804	*	365 / 4
=	15.80

Methanol Chemicals Co Days Payable Related Terms

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Methanol Chemicals Co (SAU:2001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Methanol Chemicals Co (SAU:2001) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road 218, P.O. Box 2101, Jubail Industrial City, Jubail, SAU, 31951

Website

https://www.chemanol.com

Methanol Chemicals Co is engaged in the production of Formaldehyde liquid and Urea Formaldehyde liquid or their mixture with different concentrations, Paraformaldehyde, liquid and powder Formaldehyde resins, Hexane Methylene Tetramine, Phenol Formaldehyde resins, concrete improvers, Methanol, Carbon monoxide, Di-methylamine, Monomethylamine, Tri-mon-methylamine, Di-methyl Formamide, Di-methyl carbon, Penta Aritheretol, Sodium Formate and Acetaldehyde.

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