Saudi Aramco Base Oil Co - Luberef (SAU:2223) Days Payable : 24.94 (As of Dec. 2023)

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What is Saudi Aramco Base Oil Co - Luberef Days Payable?

Saudi Aramco Base Oil Co - Luberef's average Accounts Payable for the three months ended in Dec. 2023 was ﷼593 Mil. Saudi Aramco Base Oil Co - Luberef's Cost of Goods Sold for the three months ended in Dec. 2023 was ﷼2,170 Mil. Hence, Saudi Aramco Base Oil Co - Luberef's Days Payable for the three months ended in Dec. 2023 was 24.94.

The historical rank and industry rank for Saudi Aramco Base Oil Co - Luberef's Days Payable or its related term are showing as below:

SAU:2223' s Days Payable Range Over the Past 10 Years
Min: 25.04 Med: 41.89 Max: 52.5
Current: 25.04

During the past 3 years, Saudi Aramco Base Oil Co - Luberef's highest Days Payable was 52.50. The lowest was 25.04. And the median was 41.89.

SAU:2223's Days Payable is ranked worse than
81.56% of 900 companies
in the Oil & Gas industry
Industry Median: 61.27 vs SAU:2223: 25.04

Saudi Aramco Base Oil Co - Luberef's Days Payable declined from Dec. 2022 (50.24) to Dec. 2023 (24.94). It may suggest that Saudi Aramco Base Oil Co - Luberef accelerated paying its suppliers.

Saudi Aramco Base Oil Co - Luberef Days Payable Historical Data

The historical data trend for Saudi Aramco Base Oil Co - Luberef'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 Aramco Base Oil Co - Luberef Days Payable Chart

Saudi Aramco Base Oil Co - Luberef Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

52.50

35.65

41.89

Saudi Aramco Base Oil Co - Luberef Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial				50.24	50.76	17.95	2.17	24.94

Competitive Comparison of Saudi Aramco Base Oil Co - Luberef's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Saudi Aramco Base Oil Co - Luberef'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 Aramco Base Oil Co - Luberef's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Saudi Aramco Base Oil Co - Luberef's Days Payable distribution charts can be found below:

* The bar in red indicates where Saudi Aramco Base Oil Co - Luberef's Days Payable falls into.

Saudi Aramco Base Oil Co - Luberef 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 Aramco Base Oil Co - Luberef'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
=	( (619.31	+	1132.185)	/	2 )	/	7630.31	*	365
=	875.7475					/	7630.31	*	365
=	41.89

Saudi Aramco Base Oil Co - Luberef'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
=	( (54.077	+	1132.185)	/	2 )	/	2169.705	*	365 / 4
=	593.131					/	2169.705	*	365 / 4
=	24.94

Saudi Aramco Base Oil Co - Luberef Days Payable Related Terms

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Saudi Aramco Base Oil Co - Luberef (SAU:2223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saudi Aramco Base Oil Co - Luberef (SAU:2223) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saudi Aramco Industrial Area, P.O. Box 5518, Jeddah, SAU, 21432

Website

https://www.luberef.com

Saudi Aramco Base Oil Co - Luberef is engaged in constructing, owning, and operating refineries of lubricating oils and to purchase, sell, transporting, marketing, importing, and exporting lubricating oils, additives, lubricating oil blending stocks, byproducts, and other related petroleum products. Geographically, the company operates in the Kingdom of Saudi Arabia, the United Arab Emirates, India, Egypt, Singapore, and Others.

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