Saudi Steel Pipe Co (SAU:1320) Days Payable : 46.46 (As of Mar. 2024)

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What is Saudi Steel Pipe Co Days Payable?

Saudi Steel Pipe Co's average Accounts Payable for the three months ended in Mar. 2024 was ﷼208 Mil. Saudi Steel Pipe Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼408 Mil. Hence, Saudi Steel Pipe Co's Days Payable for the three months ended in Mar. 2024 was 46.46.

The historical rank and industry rank for Saudi Steel Pipe Co's Days Payable or its related term are showing as below:

SAU:1320' s Days Payable Range Over the Past 10 Years
Min: 50.1 Med: 77.83 Max: 138.44
Current: 51.95

During the past 13 years, Saudi Steel Pipe Co's highest Days Payable was 138.44. The lowest was 50.10. And the median was 77.83.

SAU:1320's Days Payable is ranked better than
58.36% of 586 companies
in the Steel industry
Industry Median: 41.325 vs SAU:1320: 51.95

Saudi Steel Pipe Co's Days Payable declined from Mar. 2023 (94.22) to Mar. 2024 (46.46). It may suggest that Saudi Steel Pipe Co accelerated paying its suppliers.

Saudi Steel Pipe Co Days Payable Historical Data

The historical data trend for Saudi Steel Pipe 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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Saudi Steel Pipe Co Days Payable Chart

Saudi Steel Pipe Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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86.83

115.84

138.44

79.89

72.31

Saudi Steel Pipe Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															94.22	56.06	67.24	54.34	46.46

Competitive Comparison of Saudi Steel Pipe Co's Days Payable

For the Steel subindustry, Saudi Steel Pipe 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.

Saudi Steel Pipe Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Saudi Steel Pipe Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Saudi Steel Pipe Co's Days Payable falls into.

Saudi Steel Pipe 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.

Saudi Steel Pipe 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
=	( (148.31	+	268.259)	/	2 )	/	1051.358	*	365
=	208.2845					/	1051.358	*	365
=	72.31

Saudi Steel Pipe Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (268.259	+	147.338)	/	2 )	/	408.113	*	365 / 4
=	207.7985					/	408.113	*	365 / 4
=	46.46

Saudi Steel Pipe Co Days Payable Related Terms

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Saudi Steel Pipe Co (SAU:1320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Saudi Steel Pipe Co (SAU:1320) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O.Box 11680, Dammam, SAU, 31326

Website

https://www.sspipe.com

Saudi Steel Pipe Co is a Saudi Arabian company engaged in the manufacturing of steel pipes. The group operates in two segments, being the Process equipment segment which includes the design, manufacture, assemble, maintain, and market of heavy process equipment for the utilization of oil and gas, power generation, desalination, mining, solar energy, and off-shore plants, and Steel pipes segment which provides galvanized and non-galvanized steel pipes, square and rectangular pipes used in petroleum, gas, water, and construction sectors. It derives the majority of its revenue from the Steel pipes segment. The company has a market presence with the majority of the revenue generated from Saudi Arabia.

Saudi Steel Pipe Co (SAU:1320) Headlines

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