EMSTEEL Building Materials PJSC (ADX:EMSTEEL) Days Payable : 59.33 (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is EMSTEEL Building Materials PJSC Days Payable?

EMSTEEL Building Materials PJSC's average Accounts Payable for the three months ended in Dec. 2023 was د.إ1,342 Mil. EMSTEEL Building Materials PJSC's Cost of Goods Sold for the three months ended in Dec. 2023 was د.إ2,064 Mil. Hence, EMSTEEL Building Materials PJSC's Days Payable for the three months ended in Dec. 2023 was 59.33.

The historical rank and industry rank for EMSTEEL Building Materials PJSC's Days Payable or its related term are showing as below:

ADX:EMSTEEL' s Days Payable Range Over the Past 10 Years
Min: 53.34 Med: 141.66 Max: 238.14
Current: 59

During the past 13 years, EMSTEEL Building Materials PJSC's highest Days Payable was 238.14. The lowest was 53.34. And the median was 141.66.

ADX:EMSTEEL's Days Payable is ranked better than
63.27% of 588 companies
in the Steel industry
Industry Median: 39.59 vs ADX:EMSTEEL: 59.00

EMSTEEL Building Materials PJSC's Days Payable increased from Dec. 2022 (55.68) to Dec. 2023 (59.33). It may suggest that EMSTEEL Building Materials PJSC delayed paying its suppliers.

EMSTEEL Building Materials PJSC Days Payable Historical Data

The historical data trend for EMSTEEL Building Materials PJSC'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.

* Premium members only.

EMSTEEL Building Materials PJSC Days Payable Chart

EMSTEEL Building Materials PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

238.14

188.79

97.52

53.34

63.55

EMSTEEL Building Materials PJSC 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															55.68	52.58	59.40	60.93	59.33

Competitive Comparison of EMSTEEL Building Materials PJSC's Days Payable

For the Steel subindustry, EMSTEEL Building Materials PJSC'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.

EMSTEEL Building Materials PJSC's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, EMSTEEL Building Materials PJSC's Days Payable distribution charts can be found below:

* The bar in red indicates where EMSTEEL Building Materials PJSC's Days Payable falls into.

EMSTEEL Building Materials PJSC 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.

EMSTEEL Building Materials PJSC'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
=	( (1301.965	+	1414.712)	/	2 )	/	7802.085	*	365
=	1358.3385					/	7802.085	*	365
=	63.55

EMSTEEL Building Materials PJSC'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
=	( (1269.575	+	1414.712)	/	2 )	/	2064.298	*	365 / 4
=	1342.1435					/	2064.298	*	365 / 4
=	59.33

EMSTEEL Building Materials PJSC Days Payable Related Terms

Thank you for viewing the detailed overview of EMSTEEL Building Materials PJSC's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

EMSTEEL Building Materials PJSC (ADX:EMSTEEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » EMSTEEL Building Materials PJSC (ADX:EMSTEEL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

17th floor, Prestige Tower 17, PO Box 40307, near Mazyad Mall, Mohammed Bin Zayed City, ARE

Website

http://www.arkan.ae

EMSTEEL Building Materials PJSC formerly Arkan Building Materials Co (Arkan) PJSC manufactures building and construction products. Its product portfolio includes cement, concrete products, anabeeb pipes and arkan bags. The company invests in industrial and commercial projects which are involved in the building materials sector. Its segments include Steel, Cement and Blocks, Pipes and others The majority of the revenue is derived from the Steel segment.

EMSTEEL Building Materials PJSC (ADX:EMSTEEL) Headlines

No Headlines