Arab Aluminium Industry (AMM:AALU) Days Payable : 56.40 (As of Mar. 2024)

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What is Arab Aluminium Industry Days Payable?

Arab Aluminium Industry's average Accounts Payable for the three months ended in Mar. 2024 was JOD1.40 Mil. Arab Aluminium Industry's Cost of Goods Sold for the three months ended in Mar. 2024 was JOD2.27 Mil. Hence, Arab Aluminium Industry's Days Payable for the three months ended in Mar. 2024 was 56.40.

The historical rank and industry rank for Arab Aluminium Industry's Days Payable or its related term are showing as below:

AMM:AALU' s Days Payable Range Over the Past 10 Years
Min: 32.36 Med: 35.18 Max: 54.17
Current: 36.27

During the past 13 years, Arab Aluminium Industry's highest Days Payable was 54.17. The lowest was 32.36. And the median was 35.18.

AMM:AALU's Days Payable is ranked worse than
81.84% of 1068 companies
in the Metals & Mining industry
Industry Median: 135.555 vs AMM:AALU: 36.27

Arab Aluminium Industry's Days Payable increased from Mar. 2023 (26.46) to Mar. 2024 (56.40). It may suggest that Arab Aluminium Industry delayed paying its suppliers.

Arab Aluminium Industry Days Payable Historical Data

The historical data trend for Arab Aluminium Industry'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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Arab Aluminium Industry Days Payable Chart

Arab Aluminium Industry Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.64

54.17

47.03

32.72

32.36

Arab Aluminium Industry Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															26.46	27.60	25.36	34.12	56.40

Competitive Comparison of Arab Aluminium Industry's Days Payable

For the Aluminum subindustry, Arab Aluminium Industry'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.

Arab Aluminium Industry's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Arab Aluminium Industry's Days Payable distribution charts can be found below:

* The bar in red indicates where Arab Aluminium Industry's Days Payable falls into.

Arab Aluminium Industry 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.

Arab Aluminium Industry'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
=	( (0.599	+	1.239)	/	2 )	/	10.366	*	365
=	0.919					/	10.366	*	365
=	32.36

Arab Aluminium Industry's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1.239	+	1.566)	/	2 )	/	2.269	*	365 / 4
=	1.4025					/	2.269	*	365 / 4
=	56.40

Arab Aluminium Industry Days Payable Related Terms

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Arab Aluminium Industry (AMM:AALU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arab Aluminium Industry (AMM:AALU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ain El-Basha, P. O. Box 35042, Amman, JOR, 11180

Website

https://www.aralaluminum.com

Arab Aluminium Industry is engaged in producing all kinds of aluminum. The company manufactures aluminum, extrusion, cutting and pulling profiles, and manufacture raw materials for aluminum. Its products include a Sliding system, Curtain wall and shutters, Hinges system, and curtains. The company conducts operations in the Kingdom, representing local operations.

Arab Aluminium Industry (AMM:AALU) Headlines

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