Apex Investment PSC (ADX:APEX) Days Payable : 71.53 (As of Dec. 2023)

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What is Apex Investment PSC Days Payable?

Apex Investment PSC's average Accounts Payable for the six months ended in Dec. 2023 was د.إ116.8 Mil. Apex Investment PSC's Cost of Goods Sold for the six months ended in Dec. 2023 was د.إ596.1 Mil. Hence, Apex Investment PSC's Days Payable for the six months ended in Dec. 2023 was 35.77.

The historical rank and industry rank for Apex Investment PSC's Days Payable or its related term are showing as below:

ADX:APEX' s Days Payable Range Over the Past 10 Years
Min: 27.56 Med: 53.87 Max: 139.99
Current: 71.53

During the past 13 years, Apex Investment PSC's highest Days Payable was 139.99. The lowest was 27.56. And the median was 53.87.

ADX:APEX's Days Payable is ranked better than
50.92% of 381 companies
in the Building Materials industry
Industry Median: 70.21 vs ADX:APEX: 71.53

Apex Investment PSC's Days Payable declined from Dec. 2021 (121.13) to Dec. 2023 (71.53). It may suggest that Apex Investment PSC accelerated paying its suppliers.

Apex Investment PSC Days Payable Historical Data

The historical data trend for Apex Investment PSC'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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Apex Investment PSC Days Payable Chart

Apex Investment PSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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76.95

139.99

121.13

52.46

71.53

Apex Investment PSC Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Days Payable	Get a 7-Day Free Trial													76.95	139.99	121.13	52.46	71.53

Competitive Comparison of Apex Investment PSC's Days Payable

For the Building Materials subindustry, Apex Investment PSC'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.

Apex Investment PSC's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Apex Investment PSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Apex Investment PSC's Days Payable falls into.

Apex Investment PSC 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.

Apex Investment PSC'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
=	( (115.21	+	118.427)	/	2 )	/	596.069	*	365
=	116.8185					/	596.069	*	365
=	71.53

Apex Investment PSC'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: Dec. 2022 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (115.21	+	118.427)	/	2 )	/	596.069	*	365 / 2
=	116.8185					/	596.069	*	365 / 2
=	35.77

Apex Investment PSC Days Payable Related Terms

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Apex Investment PSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Apex Investment PSC (ADX:APEX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Wahda Commercial Tower, Office No. 501, PO Box. 30688, Abu Dhabi, ARE

Website

http://www.rakcc.ae

Apex Investment PSC formerly Ras Al Khaimah Cement Co operates in the cement industry. The company is mainly engaged in the producing and marketing of portland cement. The company caters to both the UAE market and the foreign market.