AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Days Payable : 8.45 (As of Dec. 2023)

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What is AlMuneef Co For Trade Industry Agriculture And Contracting Days Payable?

AlMuneef Co For Trade Industry Agriculture And Contracting's average Accounts Payable for the six months ended in Dec. 2023 was ﷼5.0 Mil. AlMuneef Co For Trade Industry Agriculture And Contracting's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼108.2 Mil. Hence, AlMuneef Co For Trade Industry Agriculture And Contracting's Days Payable for the six months ended in Dec. 2023 was 8.45.

The historical rank and industry rank for AlMuneef Co For Trade Industry Agriculture And Contracting's Days Payable or its related term are showing as below:

SAU:9569' s Days Payable Range Over the Past 10 Years
Min: 3.69 Med: 6.21 Max: 8.72
Current: 8.12

During the past 3 years, AlMuneef Co For Trade Industry Agriculture And Contracting's highest Days Payable was 8.72. The lowest was 3.69. And the median was 6.21.

SAU:9569's Days Payable is ranked worse than
98.72% of 235 companies
in the Agriculture industry
Industry Median: 79.24 vs SAU:9569: 8.12

AlMuneef Co For Trade Industry Agriculture And Contracting's Days Payable increased from Dec. 2022 (5.38) to Dec. 2023 (8.45). It may suggest that AlMuneef Co For Trade Industry Agriculture And Contracting delayed paying its suppliers.

AlMuneef Co For Trade Industry Agriculture And Contracting Days Payable Historical Data

The historical data trend for AlMuneef Co For Trade Industry Agriculture And Contracting'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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AlMuneef Co For Trade Industry Agriculture And Contracting Days Payable Chart

AlMuneef Co For Trade Industry Agriculture And Contracting Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

3.69

8.72

AlMuneef Co For Trade Industry Agriculture And Contracting Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Days Payable	-	5.38	7.19	8.45

Competitive Comparison of AlMuneef Co For Trade Industry Agriculture And Contracting's Days Payable

For the Agricultural Inputs subindustry, AlMuneef Co For Trade Industry Agriculture And Contracting'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.

AlMuneef Co For Trade Industry Agriculture And Contracting's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, AlMuneef Co For Trade Industry Agriculture And Contracting's Days Payable distribution charts can be found below:

* The bar in red indicates where AlMuneef Co For Trade Industry Agriculture And Contracting's Days Payable falls into.

AlMuneef Co For Trade Industry Agriculture And Contracting 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.

AlMuneef Co For Trade Industry Agriculture And Contracting'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
=	( (4.545	+	5.886)	/	2 )	/	218.359	*	365
=	5.2155					/	218.359	*	365
=	8.72

AlMuneef Co For Trade Industry Agriculture And Contracting'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4.14	+	5.886)	/	2 )	/	108.206	*	365 / 2
=	5.013					/	108.206	*	365 / 2
=	8.45

AlMuneef Co For Trade Industry Agriculture And Contracting Days Payable Related Terms

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AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building No. 5065, Unit No. 1, Al-Manakh District, Riyadh, SAU, 14314

Website

https://www.almuneef.com

AlMuneef Co For Trade Industry Agriculture And Contracting is engaged in the business which includes operating quarries, cutting and sawing marble, renovation of residential and non-residential buildings, wholesale of chemical fertilizers and soil conditioners, and pesticides, as listed in the commercial register. wholesale of pesticides, wholesale of health pesticides, and retail of pesticides. Fuel for automobiles and motorcycles (gas stations), retail of seedlings and saplings of agricultural products, retail of plant seeds, fertilizers, and soil conditioners, retail of agricultural pesticides, land transportation of goods, silo storage of grains, flour, and agricultural products.

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