Ashdod Refinery (XTAE:ARF) Days Payable : 59.18 (As of Dec. 2023)

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What is Ashdod Refinery Days Payable?

Ashdod Refinery's average Accounts Payable for the three months ended in Dec. 2023 was ₪1,901 Mil. Ashdod Refinery's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪2,931 Mil. Hence, Ashdod Refinery's Days Payable for the three months ended in Dec. 2023 was 59.18.

The historical rank and industry rank for Ashdod Refinery's Days Payable or its related term are showing as below:

XTAE:ARF' s Days Payable Range Over the Past 10 Years
Min: 45.38 Med: 51.72 Max: 71.35
Current: 53.03

During the past 4 years, Ashdod Refinery's highest Days Payable was 71.35. The lowest was 45.38. And the median was 51.72.

XTAE:ARF's Days Payable is ranked worse than
55.38% of 901 companies
in the Oil & Gas industry
Industry Median: 60.98 vs XTAE:ARF: 53.03

Ashdod Refinery's Days Payable increased from Dec. 2022 (49.77) to Dec. 2023 (59.18). It may suggest that Ashdod Refinery delayed paying its suppliers.

Ashdod Refinery Days Payable Historical Data

The historical data trend for Ashdod Refinery'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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Ashdod Refinery Days Payable Chart

Ashdod Refinery Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

71.35

45.38

51.72

Ashdod Refinery Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial					49.77	52.34	53.07	49.50	59.18

Competitive Comparison of Ashdod Refinery's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Ashdod Refinery'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.

Ashdod Refinery's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ashdod Refinery's Days Payable distribution charts can be found below:

* The bar in red indicates where Ashdod Refinery's Days Payable falls into.

Ashdod Refinery 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.

Ashdod Refinery'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
=	( (1909.99	+	1778.266)	/	2 )	/	13015.006	*	365
=	1844.128					/	13015.006	*	365
=	51.72

Ashdod Refinery'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
=	( (2023.418	+	1778.266)	/	2 )	/	2930.846	*	365 / 4
=	1900.842					/	2930.846	*	365 / 4
=	59.18

Ashdod Refinery Days Payable Related Terms

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Ashdod Refinery (XTAE:ARF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ashdod Refinery Ltd (XTAE:ARF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hanet 1, Ashdod, ISR, 7752169

Website

https://www.paz.co.il

Ashdod Refinery Ltd is a company involved in imports and refining of crude oil and intermediates for petroleum distillates intended for marketing in the local market and for export purposes.

Ashdod Refinery (XTAE:ARF) Headlines

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