Petronas Chemicals Group Bhd (Petronas Chemicals Group Bhd) Days Payable : 65.81 (As of Dec. 2023)

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What is Petronas Chemicals Group Bhd Days Payable?

Petronas Chemicals Group Bhd's average Accounts Payable for the three months ended in Dec. 2023 was $966 Mil. Petronas Chemicals Group Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,339 Mil. Hence, Petronas Chemicals Group Bhd's Days Payable for the three months ended in Dec. 2023 was 65.81.

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

PECGF' s Days Payable Range Over the Past 10 Years
Min: 25.95 Med: 30.54 Max: 73.34
Current: 73.34

During the past 13 years, Petronas Chemicals Group Bhd's highest Days Payable was 73.34. The lowest was 25.95. And the median was 30.54.

PECGF's Days Payable is ranked better than
61.64% of 1504 companies
in the Chemicals industry
Industry Median: 60.975 vs PECGF: 73.34

Petronas Chemicals Group Bhd's Days Payable increased from Dec. 2022 (45.18) to Dec. 2023 (65.81). It may suggest that Petronas Chemicals Group Bhd delayed paying its suppliers.

Petronas Chemicals Group Bhd Days Payable Historical Data

The historical data trend for Petronas Chemicals Group Bhd'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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Petronas Chemicals Group Bhd Days Payable Chart

Petronas Chemicals Group Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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30.14

65.10

59.80

38.98

35.38

Petronas Chemicals Group Bhd 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															45.18	64.36	97.60	110.29	65.81

Competitive Comparison of Petronas Chemicals Group Bhd's Days Payable

For the Chemicals subindustry, Petronas Chemicals Group Bhd'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.

Petronas Chemicals Group Bhd's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Petronas Chemicals Group Bhd's Days Payable falls into.

Petronas Chemicals Group Bhd 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.

Petronas Chemicals Group Bhd'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
=	( (571.72	+	422.284)	/	2 )	/	5127.093	*	365
=	497.002					/	5127.093	*	365
=	35.38

Petronas Chemicals Group Bhd'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
=	( (1508.777	+	422.284)	/	2 )	/	1338.772	*	365 / 4
=	965.5305					/	1338.772	*	365 / 4
=	65.81

Petronas Chemicals Group Bhd Days Payable Related Terms

Thank you for viewing the detailed overview of Petronas Chemicals Group Bhd's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Petronas Chemicals Group Bhd (Petronas Chemicals Group Bhd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Petronas Chemicals Group Bhd (OTCPK:PECGF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

5183:Malaysia

Address

Tower 1, Petronas Twin Towers, Kuala Lumpur City Centre, Kuala Lumpur, SGR, MYS, 50088

Website

http://www.petronaschemicals.com

Petronas Chemicals Group Bhd manufactures and sells a variety of petrochemicals. The firm organizes itself into three segments based on product type: Olefins and Derivatives; Fertilizers and Methanol and Specialties. The Olefins and Derivatives segment, which generates the majority of revenue, sells chemicals used in the production of acrylic acids, antifreeze, printing ink, dyes, gas treating solvents, personal care products, and plastics used in packaging films, wires, cables, and ducting. The Fertilizers and Methanol segment sells chemicals used in gasoline additives, plastic resins, ammonia, and fertilizers. The majority of revenue comes from Malaysia.

Petronas Chemicals Group Bhd (Petronas Chemicals Group Bhd) Headlines

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