Adgar Investments & Development (XTAE:ADGR) Days Payable : 134.03 (As of Dec. 2023)

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What is Adgar Investments & Development Days Payable?

Adgar Investments & Development's average Accounts Payable for the three months ended in Dec. 2023 was ₪19.8 Mil. Adgar Investments & Development's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪13.4 Mil. Hence, Adgar Investments & Development's Days Payable for the three months ended in Dec. 2023 was 134.03.

The historical rank and industry rank for Adgar Investments & Development's Days Payable or its related term are showing as below:

XTAE:ADGR' s Days Payable Range Over the Past 10 Years
Min: 156.9 Med: 344.63 Max: 427.68
Current: 156.9

During the past 13 years, Adgar Investments & Development's highest Days Payable was 427.68. The lowest was 156.90. And the median was 344.63.

XTAE:ADGR's Days Payable is ranked better than
64.24% of 1577 companies
in the Real Estate industry
Industry Median: 96.82 vs XTAE:ADGR: 156.90

Adgar Investments & Development's Days Payable declined from Dec. 2022 (165.70) to Dec. 2023 (134.03). It may suggest that Adgar Investments & Development accelerated paying its suppliers.

Adgar Investments & Development Days Payable Historical Data

The historical data trend for Adgar Investments & Development'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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Adgar Investments & Development Days Payable Chart

Adgar Investments & Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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380.41

297.63

244.03

186.28

163.24

Adgar Investments & Development 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															165.70	159.36	169.87	163.46	134.03

Competitive Comparison of Adgar Investments & Development's Days Payable

For the Real Estate Services subindustry, Adgar Investments & Development'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.

Adgar Investments & Development's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Adgar Investments & Development's Days Payable distribution charts can be found below:

* The bar in red indicates where Adgar Investments & Development's Days Payable falls into.

Adgar Investments & Development 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.

Adgar Investments & Development'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
=	( (19.834	+	21.167)	/	2 )	/	45.838	*	365
=	20.5005					/	45.838	*	365
=	163.24

Adgar Investments & Development'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
=	( (18.335	+	21.167)	/	2 )	/	13.447	*	365 / 4
=	19.751					/	13.447	*	365 / 4
=	134.03

Adgar Investments & Development Days Payable Related Terms

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Adgar Investments & Development (XTAE:ADGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Adgar Investments & Development Ltd (XTAE:ADGR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

35 Efal Street, Petach Tikva, ISR, 49511

Website

http://www.adgar.com

Adgar Investments & Development Ltd is a real estate company. It operates in the income-producing real estate market. The company holds investment properties, mainly for use as office premises in Israel and abroad. It also develops and manages construction projects. The company operates in Israel, Canada, Poland, and Belgium.

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