Advanced Petrochemical Co (SAU:2330) Days Payable : 96.68 (As of Mar. 2024)

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What is Advanced Petrochemical Co Days Payable?

Advanced Petrochemical Co's average Accounts Payable for the three months ended in Mar. 2024 was ﷼312 Mil. Advanced Petrochemical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼294 Mil. Hence, Advanced Petrochemical Co's Days Payable for the three months ended in Mar. 2024 was 96.68.

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

SAU:2330' s Days Payable Range Over the Past 10 Years
Min: 22.38 Med: 25.26 Max: 44.08
Current: 44.08

During the past 13 years, Advanced Petrochemical Co's highest Days Payable was 44.08. The lowest was 22.38. And the median was 25.26.

SAU:2330's Days Payable is ranked worse than
67.09% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs SAU:2330: 44.08

Advanced Petrochemical Co's Days Payable increased from Mar. 2023 (25.24) to Mar. 2024 (96.68). It may suggest that Advanced Petrochemical Co delayed paying its suppliers.

Advanced Petrochemical Co Days Payable Historical Data

The historical data trend for Advanced Petrochemical 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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Advanced Petrochemical Co Days Payable Chart

Advanced Petrochemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

24.72

28.21

29.51

25.33

43.24

Advanced Petrochemical 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															25.24	26.76	24.57	42.93	96.68

Competitive Comparison of Advanced Petrochemical Co's Days Payable

For the Chemicals subindustry, Advanced Petrochemical 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.

Advanced Petrochemical Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Advanced Petrochemical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Advanced Petrochemical Co's Days Payable falls into.

Advanced Petrochemical 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.

Advanced Petrochemical 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
=	( (144.4	+	312.077)	/	2 )	/	1926.552	*	365
=	228.2385					/	1926.552	*	365
=	43.24

Advanced Petrochemical 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
=	( (312.077	+	311.397)	/	2 )	/	294.215	*	365 / 4
=	311.737					/	294.215	*	365 / 4
=	96.68

Advanced Petrochemical Co Days Payable Related Terms

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Advanced Petrochemical Co (SAU:2330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Advanced Petrochemical Co (SAU:2330) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jubail Industrial, P.O.Box 11022, Jubail, SAU, 31961

Website

https://www.advancedpetrochem.com

Advanced Petrochemical Co produces and sells polypropylene, polysilicon, and polysilicon downstream products that include Photovoltaic cells and Photovoltaic. The company invests in industrial projects including petrochemical, chemical, basic and conversion industries and industries relating to renewable energy domestically and outside the Kingdom of Saudi Arabia. Its business is spread across the Middle East and North Africa region. Its products are used to manufacture various basic goods including personal care products, fresh food packaging, lightweight plastics and various others.

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