Apex Investment PSC (ADX:APEX) Days Payable : 111.38 (As of Sep. 2021)

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What is Apex Investment PSC Days Payable?

Apex Investment PSC's average Accounts Payable for the three months ended in Sep. 2021 was د.إ58.4 Mil. Apex Investment PSC's Cost of Goods Sold for the three months ended in Sep. 2021 was د.إ47.9 Mil. Hence, Apex Investment PSC's Days Payable for the three months ended in Sep. 2021 was 111.38.

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 is not ranked ^*
in the Building Materials industry.
Industry Median: 66.055
* Ranked among companies with meaningful Days Payable only.

Apex Investment PSC's Days Payable declined from Sep. 2020 (258.49) to Sep. 2021 (111.38). 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.

* Premium members only.

Apex Investment PSC Days Payable Chart

Apex Investment PSC Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Payable

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30.18

48.39

55.27

76.95

139.99

Apex Investment PSC Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Days Payable	Get a 7-Day Free Trial															258.49	145.96	115.84	196.96	111.38

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. 2020 is calculated as

	Days Payable (A: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2019 )	+	Accounts Payable (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (61.539	+	58.48)	/	2 )	/	156.463	*	365
=	60.0095					/	156.463	*	365
=	139.99

Apex Investment PSC's Days Payable for the quarter that ended in Sep. 2021 is calculated as:

	Days Payable (Q: Sep. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2021 )	+	Accounts Payable (Q: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
=	( (63.392	+	53.476)	/	2 )	/	47.871	*	365 / 4
=	58.434					/	47.871	*	365 / 4
=	111.38

Apex Investment PSC Days Payable Related Terms

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Apex Investment PSC (ADX:APEX) 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

Khor Khwair, P.O.Box : 2499, Ras Al Khaimah, 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.