RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) Days Payable : 53.65 (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is RAK Ceramics (Bangladesh) Days Payable?

RAK Ceramics (Bangladesh)'s average Accounts Payable for the three months ended in Dec. 2023 was BDT978 Mil. RAK Ceramics (Bangladesh)'s Cost of Goods Sold for the three months ended in Dec. 2023 was BDT1,664 Mil. Hence, RAK Ceramics (Bangladesh)'s Days Payable for the three months ended in Dec. 2023 was 53.65.

The historical rank and industry rank for RAK Ceramics (Bangladesh)'s Days Payable or its related term are showing as below:

DHA:RAKCERAMIC' s Days Payable Range Over the Past 10 Years
Min: 35.4 Med: 38.81 Max: 68.86
Current: 48.7

During the past 13 years, RAK Ceramics (Bangladesh)'s highest Days Payable was 68.86. The lowest was 35.40. And the median was 38.81.

DHA:RAKCERAMIC's Days Payable is ranked worse than
71.41% of 1602 companies
in the Construction industry
Industry Median: 73.785 vs DHA:RAKCERAMIC: 48.70

RAK Ceramics (Bangladesh)'s Days Payable increased from Dec. 2022 (35.94) to Dec. 2023 (53.65). It may suggest that RAK Ceramics (Bangladesh) delayed paying its suppliers.

RAK Ceramics (Bangladesh) Days Payable Historical Data

The historical data trend for RAK Ceramics (Bangladesh)'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.

RAK Ceramics (Bangladesh) Days Payable Chart

RAK Ceramics (Bangladesh) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

35.40

39.12

38.49

36.96

44.01

RAK Ceramics (Bangladesh) 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															35.94	30.24	49.00	67.82	53.65

Competitive Comparison of RAK Ceramics (Bangladesh)'s Days Payable

For the Building Products & Equipment subindustry, RAK Ceramics (Bangladesh)'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.

RAK Ceramics (Bangladesh)'s Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, RAK Ceramics (Bangladesh)'s Days Payable distribution charts can be found below:

* The bar in red indicates where RAK Ceramics (Bangladesh)'s Days Payable falls into.

RAK Ceramics (Bangladesh) 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.

RAK Ceramics (Bangladesh)'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
=	( (500.836	+	914.081)	/	2 )	/	5867.007	*	365
=	707.4585					/	5867.007	*	365
=	44.01

RAK Ceramics (Bangladesh)'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
=	( (1042.545	+	914.081)	/	2 )	/	1664.046	*	365 / 4
=	978.313					/	1664.046	*	365 / 4
=	53.65

RAK Ceramics (Bangladesh) Days Payable Related Terms

Thank you for viewing the detailed overview of RAK Ceramics (Bangladesh)'s Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » RAK Ceramics (Bangladesh) Ltd (DHA:RAKCERAMIC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot 1/A Jasimuddin Avenue, RAK Tower, 7th, 8th & 9th Floors, Sector-3, Uttara Model Town, Dhaka, BGD, 1230

Website

https://www.rakceramics.com/bangladesh

RAK Ceramics (Bangladesh) Ltd is a tile and sanitary ware brand in Bangladesh. The core business of RAK Ceramics is to manufacture and sell ceramics and gres porcellanato (porcelain/ fully vitrified) tiles, bathroom sets and all types of sanitary ware. The operating segments of the group are Ceramic and sanitary ware, Power and Security and services, Substantial revenue for the group is derived from the Ceramics and sanitary ware segment.

RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) Headlines

No Headlines