Saudi Arabian Oil Co (SAU:2222) Days Payable : 3,068.14 (As of Dec. 2023)

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What is Saudi Arabian Oil Co Days Payable?

Saudi Arabian Oil Co's average Accounts Payable for the three months ended in Dec. 2023 was ﷼114,387 Mil. Saudi Arabian Oil Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ﷼3,402 Mil. Hence, Saudi Arabian Oil Co's Days Payable for the three months ended in Dec. 2023 was 3,068.14.

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

SAU:2222' s Days Payable Range Over the Past 10 Years
Min: 22.21 Med: 28.93 Max: 61.61
Current: 61.61

During the past 8 years, Saudi Arabian Oil Co's highest Days Payable was 61.61. The lowest was 22.21. And the median was 28.93.

SAU:2222's Days Payable is ranked better than
50.39% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs SAU:2222: 61.61

Saudi Arabian Oil Co's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (3,068.14). It may suggest that Saudi Arabian Oil Co delayed paying its suppliers.

Saudi Arabian Oil Co Days Payable Historical Data

The historical data trend for Saudi Arabian Oil 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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Saudi Arabian Oil Co Days Payable Chart

Saudi Arabian Oil Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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25.31

32.56

25.45

32.21

37.72

Saudi Arabian Oil 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	Get a 7-Day Free Trial															-	41.08	55.85	59.40	3,068.14

Competitive Comparison of Saudi Arabian Oil Co's Days Payable

For the Oil & Gas Integrated subindustry, Saudi Arabian Oil 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.

Saudi Arabian Oil Co's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Saudi Arabian Oil Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Saudi Arabian Oil Co's Days Payable falls into.

Saudi Arabian Oil 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.

Saudi Arabian Oil 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
=	( (65425	+	71993)	/	2 )	/	664788	*	365
=	68709					/	664788	*	365
=	37.72

Saudi Arabian Oil 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
=	( (156781	+	71993)	/	2 )	/	3402	*	365 / 4
=	114387					/	3402	*	365 / 4
=	3,068.14

Saudi Arabian Oil Co Days Payable Related Terms

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Saudi Arabian Oil Co (SAU:2222) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 5000, Dhahran, SAU, 31311

Website

https://www.aramco.com

Saudi Aramco is the national oil company of Saudi Arabia and holds the exclusive right to explore for, produce, and refine the country's hydrocarbons. It is the largest oil and gas producer in the world with production volume of 13.6 mmboe/d in 2022, including 11.5 mmboe/d of liquids. Its 4.1 mmb/d in net refining capacity makes it the world's fourth-largest refiner. It also owns 56.3 million metric tons of chemical manufacturing capacity, placing it among the top five global chemical companies.

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