Ras AL Khaimah Ceramics Co PSC (ADX:RAKCEC) Days Payable : 64.96 (As of Dec. 2023)

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What is Ras AL Khaimah Ceramics Co PSC Days Payable?

Ras AL Khaimah Ceramics Co PSC's average Accounts Payable for the three months ended in Dec. 2023 was د.إ379 Mil. Ras AL Khaimah Ceramics Co PSC's Cost of Goods Sold for the three months ended in Dec. 2023 was د.إ532 Mil. Hence, Ras AL Khaimah Ceramics Co PSC's Days Payable for the three months ended in Dec. 2023 was 64.96.

The historical rank and industry rank for Ras AL Khaimah Ceramics Co PSC's Days Payable or its related term are showing as below:

ADX:RAKCEC' s Days Payable Range Over the Past 10 Years
Min: 59.37 Med: 69.22 Max: 86.41
Current: 65.85

During the past 13 years, Ras AL Khaimah Ceramics Co PSC's highest Days Payable was 86.41. The lowest was 59.37. And the median was 69.22.

ADX:RAKCEC's Days Payable is ranked worse than
56.73% of 1604 companies
in the Construction industry
Industry Median: 74.965 vs ADX:RAKCEC: 65.85

Ras AL Khaimah Ceramics Co PSC's Days Payable declined from Dec. 2022 (69.51) to Dec. 2023 (64.96). It may suggest that Ras AL Khaimah Ceramics Co PSC accelerated paying its suppliers.

Ras AL Khaimah Ceramics Co PSC Days Payable Historical Data

The historical data trend for Ras AL Khaimah Ceramics Co PSC'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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Ras AL Khaimah Ceramics Co PSC Days Payable Chart

Ras AL Khaimah Ceramics Co PSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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73.55

68.46

59.37

60.55

65.15

Ras AL Khaimah Ceramics Co PSC 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															69.51	64.37	63.68	71.30	64.96

Competitive Comparison of Ras AL Khaimah Ceramics Co PSC's Days Payable

For the Building Products & Equipment subindustry, Ras AL Khaimah Ceramics Co PSC'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.

Ras AL Khaimah Ceramics Co PSC's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ras AL Khaimah Ceramics Co PSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Ras AL Khaimah Ceramics Co PSC's Days Payable falls into.

Ras AL Khaimah Ceramics Co PSC 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.

Ras AL Khaimah Ceramics Co PSC'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
=	( (417.804	+	349.321)	/	2 )	/	2148.862	*	365
=	383.5625					/	2148.862	*	365
=	65.15

Ras AL Khaimah Ceramics Co PSC'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
=	( (408.285	+	349.321)	/	2 )	/	532.075	*	365 / 4
=	378.803					/	532.075	*	365 / 4
=	64.96

Ras AL Khaimah Ceramics Co PSC Days Payable Related Terms

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Ras AL Khaimah Ceramics Co PSC (ADX:RAKCEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ras AL Khaimah Ceramics Co PSC (ADX:RAKCEC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Jazeerah Al Hamra City, P.O. Box 4714, Ras Al Khaimah, ARE

Website

https://www.rakceramics.com

Ras AL Khaimah Ceramics Co PSC is engaged in the manufacturing and sale of a variety of ceramic products including tiles, bathroom sets, sanitary wares, table wares and faucets. The reportable segments of the company are Ceramics products, includes manufacture and sale of ceramic wall and floor tiles, gres porcellanato, bath-ware and tableware products. Faucets, includes manufacture and sale of Taps and Faucets. Other industrial, includes manufacturing and distribution of power, paints, plastics, mines and chemicals. Others includes security services, material movement, real estate, construction projects and civil works.

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