Atlas African Industries (LSE:AAI) Days Payable : 6,330.47 (As of Jun. 2016)

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What is Atlas African Industries Days Payable?

Atlas African Industries's average Accounts Payable for the six months ended in Jun. 2016 was £0.83 Mil. Atlas African Industries's Cost of Goods Sold for the six months ended in Jun. 2016 was £0.02 Mil. Hence, Atlas African Industries's Days Payable for the six months ended in Jun. 2016 was 6,330.47.

The historical rank and industry rank for Atlas African Industries's Days Payable or its related term are showing as below:

LSE:AAI's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 61.48
* Ranked among companies with meaningful Days Payable only.

Atlas African Industries's Days Payable increased from Jun. 2014 (0.00) to Jun. 2016 (6,330.47). It may suggest that Atlas African Industries delayed paying its suppliers.

Atlas African Industries Days Payable Historical Data

The historical data trend for Atlas African Industries'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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Atlas African Industries Days Payable Chart

Atlas African Industries Annual Data

Trend

Dec11

Dec12

Jun13

Jun14

Days Payable

54.55

54.15

Atlas African Industries Semi-Annual Data
	Dec11	Dec12	Dec13	Jun14	Dec14	Jun16
Days Payable	Get a 7-Day Free Trial			-	-	-	111.62	6,330.47

Competitive Comparison of Atlas African Industries's Days Payable

For the Oil & Gas Equipment & Services subindustry, Atlas African Industries'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.

Atlas African Industries's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Atlas African Industries's Days Payable falls into.

Atlas African Industries 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.

Atlas African Industries's Days Payable for the fiscal year that ended in Jun. 2014 is calculated as

	Days Payable (A: Jun. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2013 )	+	Accounts Payable (A: Jun. 2014 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2014 )	*	Days in Period
=	( (0	+	0.155)	/	1 )	/	0	*	365
=	0.155					/	0	*	365
=	N/A

Atlas African Industries's Days Payable for the quarter that ended in Jun. 2016 is calculated as:

	Days Payable (Q: Jun. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2014 )	+	Accounts Payable (Q: Jun. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2016 )	*	Days in Period
=	( (1.5	+	0.165)	/	2 )	/	0.024	*	365 / 2
=	0.8325					/	0.024	*	365 / 2
=	6,330.47

Atlas African Industries Days Payable Related Terms

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Atlas African Industries (LSE:AAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Atlas African Industries Ltd (LSE:AAI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.atlassupport.com

Atlas African Industries Ltd, formerly known as Atlas Development & Support Services Ltd, was incorporated in Guernsey under the Law on December 5, 2012. The Company has a Joint Venture agreement with Ethiopian conglomerate Orchid Group to provide services in civil engineering and project management offering into industrial projects. The Company's operates in industrial division and support services division. Its 100% owned subsidiary, East Africa Packaging Holdings, is focused glass bottle manufacturing facility 45km north of Addis Ababa, Ethiopia known as the Chancho Project. The Chancho Project is in feasibility stage with a defined development strategy to construct and operate a glass bottle manufacturing facility. The JV provides services to clients in the natural resource development and infrastructure sectors, through civil engineering, project management, work-force accommodation solutions and on-going life support services.

Atlas African Industries (LSE:AAI) Headlines

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