Bindar Trading & Investment Co (AMM:BIND) Days Payable : 55.08 (As of Mar. 2024)

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What is Bindar Trading & Investment Co Days Payable?

Bindar Trading & Investment Co's average Accounts Payable for the three months ended in Mar. 2024 was JOD1.12 Mil. Bindar Trading & Investment Co's Cost of Goods Sold for the three months ended in Mar. 2024 was JOD1.85 Mil. Hence, Bindar Trading & Investment Co's Days Payable for the three months ended in Mar. 2024 was 55.08.

The historical rank and industry rank for Bindar Trading & Investment Co's Days Payable or its related term are showing as below:

AMM:BIND' s Days Payable Range Over the Past 10 Years
Min: 27.69 Med: 46.75 Max: 160.01
Current: 61.67

During the past 13 years, Bindar Trading & Investment Co's highest Days Payable was 160.01. The lowest was 27.69. And the median was 46.75.

AMM:BIND's Days Payable is ranked better than
59.51% of 284 companies
in the Credit Services industry
Industry Median: 43.895 vs AMM:BIND: 61.67

Bindar Trading & Investment Co's Days Payable increased from Mar. 2023 (24.00) to Mar. 2024 (55.08). It may suggest that Bindar Trading & Investment Co delayed paying its suppliers.

Bindar Trading & Investment Co Days Payable Historical Data

The historical data trend for Bindar Trading & Investment 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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Bindar Trading & Investment Co Days Payable Chart

Bindar Trading & Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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52.74

49.86

44.27

27.69

43.76

Bindar Trading & Investment Co 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															24.00	73.71	60.50	62.64	55.08

Competitive Comparison of Bindar Trading & Investment Co's Days Payable

For the Credit Services subindustry, Bindar Trading & Investment 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.

Bindar Trading & Investment Co's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Bindar Trading & Investment Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Bindar Trading & Investment Co's Days Payable falls into.

Bindar Trading & Investment 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.

Bindar Trading & Investment 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
=	( (0.379	+	1.121)	/	2 )	/	6.255	*	365
=	0.75					/	6.255	*	365
=	43.76

Bindar Trading & Investment Co'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
=	( (1.121	+	1.116)	/	2 )	/	1.853	*	365 / 4
=	1.1185					/	1.853	*	365 / 4
=	55.08

Bindar Trading & Investment Co Days Payable Related Terms

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Bindar Trading & Investment Co (AMM:BIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Bindar Trading & Investment Co PLC (AMM:BIND) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Madinah, Al-Monawrah Street, Al Saad building No.241, PO Box 1921, Amman, JOR, 1115

Website

https://www.bindar-jo.com

Bindar Trading & Investment Co PLC is a public joint-stock company. It provides consumer financing; finance leasing and real estate financing. The company's services include Property finance; Financing vehicles; Financing durable goods and Financing projects. It also buys, sells, and finances apartments and residential land. The Company's main activity has been focused since its inception on Car loans & Real-estate loans.

Bindar Trading & Investment Co (AMM:BIND) Headlines

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