El Sewedy Electric Co (CAI:SWDY) Days Payable : 53.31 (As of Dec. 2023)

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What is El Sewedy Electric Co Days Payable?

El Sewedy Electric Co's average Accounts Payable for the three months ended in Dec. 2023 was E£20,368 Mil. El Sewedy Electric Co's Cost of Goods Sold for the three months ended in Dec. 2023 was E£34,866 Mil. Hence, El Sewedy Electric Co's Days Payable for the three months ended in Dec. 2023 was 53.31.

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

CAI:SWDY' s Days Payable Range Over the Past 10 Years
Min: 33.84 Med: 45.31 Max: 58.18
Current: 54.91

During the past 13 years, El Sewedy Electric Co's highest Days Payable was 58.18. The lowest was 33.84. And the median was 45.31.

CAI:SWDY's Days Payable is ranked worse than
65.4% of 2928 companies
in the Industrial Products industry
Industry Median: 76.275 vs CAI:SWDY: 54.91

El Sewedy Electric Co's Days Payable declined from Dec. 2022 (57.34) to Dec. 2023 (53.31). It may suggest that El Sewedy Electric Co accelerated paying its suppliers.

El Sewedy Electric Co Days Payable Historical Data

The historical data trend for El Sewedy Electric 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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El Sewedy Electric Co Days Payable Chart

El Sewedy Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

44.26

52.77

57.68

58.18

53.35

El Sewedy Electric 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															57.34	51.67	55.39	55.21	53.31

Competitive Comparison of El Sewedy Electric Co's Days Payable

For the Electrical Equipment & Parts subindustry, El Sewedy Electric 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.

El Sewedy Electric Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, El Sewedy Electric Co's Days Payable distribution charts can be found below:

* The bar in red indicates where El Sewedy Electric Co's Days Payable falls into.

El Sewedy Electric 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.

El Sewedy Electric 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
=	( (15412.475	+	20573.806)	/	2 )	/	123108.959	*	365
=	17993.1405					/	123108.959	*	365
=	53.35

El Sewedy Electric 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
=	( (20161.742	+	20573.806)	/	2 )	/	34866.466	*	365 / 4
=	20367.774					/	34866.466	*	365 / 4
=	53.31

El Sewedy Electric Co Days Payable Related Terms

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El Sewedy Electric Co (CAI:SWDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » El Sewedy Electric Co (CAI:SWDY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 27, 1st District, 5th Settlement, P.O.Box 311, New Cairo, EGY, 11853

Website

http://www.elsewedyelectric.com

El Sewedy Electric Co is an Egypt based company that is engaged in the machinery business sector. The company's operating segment includes Cables, Constructions and Electricity products. The Cables segment is engaged in manufacturing, marketing and trading the cables. The constructions segment executes construction related to power generation units and electricity distribution networks. Electricity products segment manufactures, electric meters, transformers, electric joints, and market and trade the products. Geographically, it derives most of the revenue from Egypt.

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