Umm Al Qaiwain General Investments Co (ADX:QIC) Days Payable

: 4,013.36 (As of Dec. 2023)

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Umm Al Qaiwain General Investments Co's average Accounts Payable for the three months ended in Dec. 2023 was د.إ45.26 Mil. Umm Al Qaiwain General Investments Co's Cost of Goods Sold for the three months ended in Dec. 2023 was د.إ1.03 Mil. Hence, Umm Al Qaiwain General Investments Co's Days Payable for the three months ended in Dec. 2023 was 4,013.36.

The historical rank and industry rank for Umm Al Qaiwain General Investments Co's Days Payable or its related term are showing as below:

ADX:QIC' s Days Payable Range Over the Past 10 Years
Min: 17.38 Med: 7613.32 Max: 8500.66
Current: 6322.05

During the past 13 years, Umm Al Qaiwain General Investments Co's highest Days Payable was 8500.66. The lowest was 17.38. And the median was 7613.32.

ADX:QIC's Days Payable is ranked better than
95.04% of 524 companies
in the Capital Markets industry
Industry Median: 94.445 vs ADX:QIC: 6322.05

Umm Al Qaiwain General Investments Co's Days Payable declined from Dec. 2022 (7,444.02) to Dec. 2023 (4,013.36). It may suggest that Umm Al Qaiwain General Investments Co accelerated paying its suppliers.

Umm Al Qaiwain General Investments Co Days Payable Historical Data

The historical data trend for Umm Al Qaiwain General Investments 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.

* Premium members only.

Umm Al Qaiwain General Investments Co Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

8,012.28

8,368.81

8,507.11

7,773.09

6,285.78

Umm Al Qaiwain General Investments Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																7,444.02	6,985.90	8,115.81	7,949.42	4,013.36

Competitive Comparison

For the Capital Markets subindustry, Umm Al Qaiwain General Investments 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.

Umm Al Qaiwain General Investments Co Days Payable Distribution

For the Capital Markets industry and Financial Services sector, Umm Al Qaiwain General Investments Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Umm Al Qaiwain General Investments Co's Days Payable falls into.

Umm Al Qaiwain General Investments 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.

Umm Al Qaiwain General Investments 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
=	( (50.582	+	45.134)	/	2 )	/	2.779	*	365
=	47.858					/	2.779	*	365
=	6,285.78

Umm Al Qaiwain General Investments Co'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
=	( (45.381	+	45.134)	/	2 )	/	1.029	*	365 / 4
=	45.2575					/	1.029	*	365 / 4
=	4,013.36

Umm Al Qaiwain General Investments Co Days Payable Related Terms

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Umm Al Qaiwain General Investments Co (ADX:QIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Umm Al Qaiwain General Investments Co (ADX:QIC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

QIC:Kuwait

Address

Al Ittihad Street, Fahad Al Salem Street, P.O.Box: 816, Building a Big Market Tower Floor 9, Al Raafah Kuwait: Al Dar Audit - Abdullah Muzaini, Umm Al-Qaiwain, ARE

Website

http://www.qic-uaq.ae

Umm Al Qaiwain General Investments Co is engaged in real estate enterprise investment, development, and institution and management, funds and stock investments. The commercial activities of the company include investment in lands, buildings, education, health sector, general investments, among others. The two geographical segments in which the company operates comprise of the United Arab Emirates and the Gulf Cooperation Council.

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