Multiply Group PJSC (ADX:MULTIPLY) Days Payable : 213.80 (As of Dec. 2023)

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What is Multiply Group PJSC Days Payable?

Multiply Group PJSC's average Accounts Payable for the three months ended in Dec. 2023 was د.إ446 Mil. Multiply Group PJSC's Cost of Goods Sold for the three months ended in Dec. 2023 was د.إ190 Mil. Hence, Multiply Group PJSC's Days Payable for the three months ended in Dec. 2023 was 213.80.

The historical rank and industry rank for Multiply Group PJSC's Days Payable or its related term are showing as below:

ADX:MULTIPLY' s Days Payable Range Over the Past 10 Years
Min: 51.36 Med: 176.92 Max: 416.37
Current: 289.85

During the past 6 years, Multiply Group PJSC's highest Days Payable was 416.37. The lowest was 51.36. And the median was 176.92.

ADX:MULTIPLY's Days Payable is ranked better than
93.16% of 468 companies
in the Conglomerates industry
Industry Median: 58.265 vs ADX:MULTIPLY: 289.85

Multiply Group PJSC's Days Payable increased from Dec. 2022 (202.88) to Dec. 2023 (213.80). It may suggest that Multiply Group PJSC delayed paying its suppliers.

Multiply Group PJSC Days Payable Historical Data

The historical data trend for Multiply Group PJSC'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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Multiply Group PJSC Days Payable Chart

Multiply Group PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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160.38

139.35

51.36

223.11

416.37

Multiply Group PJSC Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial											202.88	249.05	332.63	256.52	213.80

Competitive Comparison of Multiply Group PJSC's Days Payable

For the Conglomerates subindustry, Multiply Group PJSC'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.

Multiply Group PJSC's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Multiply Group PJSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Multiply Group PJSC's Days Payable falls into.

Multiply Group PJSC 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.

Multiply Group PJSC'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
=	( (635.794	+	802.648)	/	2 )	/	630.486	*	365
=	719.221					/	630.486	*	365
=	416.37

Multiply Group PJSC'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
=	( (89.507	+	802.648)	/	2 )	/	190.384	*	365 / 4
=	446.0775					/	190.384	*	365 / 4
=	213.80

Multiply Group PJSC Days Payable Related Terms

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Multiply Group PJSC (ADX:MULTIPLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Multiply Group PJSC (ADX:MULTIPLY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Marina Square, Level 19, Tamouh Tower, Reem Island, Abu Dhabi, ARE

Website

https://www.multiply.ae

Multiply Group PJSC is a technology-focused holding company with a presence across five industries, including communications, utilities, ventures, wellness, Driving training and Asset Management. The group's diversified portfolio strikes a balance between steady companies that generate recurring income and high-growth businesses. The company has its geographic presence in UAE and outside UAE.

Multiply Group PJSC (ADX:MULTIPLY) Headlines

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