Saudi Basic Industries (SAU:2010) Days Payable : 87.78 (As of Dec. 2023)

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What is Saudi Basic Industries Days Payable?

Saudi Basic Industries's average Accounts Payable for the three months ended in Dec. 2023 was ﷼29,297 Mil. Saudi Basic Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ﷼30,455 Mil. Hence, Saudi Basic Industries's Days Payable for the three months ended in Dec. 2023 was 87.78.

The historical rank and industry rank for Saudi Basic Industries's Days Payable or its related term are showing as below:

SAU:2010' s Days Payable Range Over the Past 10 Years
Min: 49.27 Med: 62.68 Max: 92.93
Current: 92.93

During the past 13 years, Saudi Basic Industries's highest Days Payable was 92.93. The lowest was 49.27. And the median was 62.68.

SAU:2010's Days Payable is ranked better than
72.81% of 1504 companies
in the Chemicals industry
Industry Median: 60.565 vs SAU:2010: 92.93

Saudi Basic Industries's Days Payable declined from Dec. 2022 (91.08) to Dec. 2023 (87.78). It may suggest that Saudi Basic Industries accelerated paying its suppliers.

Saudi Basic Industries Days Payable Historical Data

The historical data trend for Saudi Basic Industries'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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Saudi Basic Industries Days Payable Chart

Saudi Basic Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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59.38

63.41

62.72

62.68

65.12

Saudi Basic Industries 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															91.08	83.86	113.21	119.71	87.78

Competitive Comparison of Saudi Basic Industries's Days Payable

For the Chemicals subindustry, Saudi Basic Industries'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.

Saudi Basic Industries's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Saudi Basic Industries's Days Payable falls into.

Saudi Basic Industries 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.

Saudi Basic Industries'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
=	( (22537.99	+	20087.016)	/	2 )	/	119463.105	*	365
=	21312.503					/	119463.105	*	365
=	65.12

Saudi Basic Industries'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
=	( (38507.706	+	20087.016)	/	2 )	/	30454.57	*	365 / 4
=	29297.361					/	30454.57	*	365 / 4
=	87.78

Saudi Basic Industries Days Payable Related Terms

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Saudi Basic Industries (SAU:2010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Saudi Basic Industries Corp (SAU:2010) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qurtubah District, P.O. Box 5101, Riyadh, SAU, 11422

Website

http://www.sabic.com

Saudi Basic Industries Corp is a chemical manufacturer in Saudi Arabia. The primary business segments of the company are Petrochemicals and Specialties, Agri-nutrients, and Hadeed. In Petrochemicals and Specialties segment products are produced from hydrocarbon feedstock including methane, ethane, and propane, it also includes the production of a range of fertilisers; including urea, ammonia, phosphate, as well as compound fertilisers. The Hadeed is concerned with production of steel products, long products and flat products. The company derives maximum revenue from Petrochemicals and Specialties segment. Geographically, it generates maximum revenue from Europe.

Saudi Basic Industries (SAU:2010) Headlines

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