Future Arab Investment (AMM:FUTR) Days Payable : 15.36 (As of Mar. 2024)

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What is Future Arab Investment Days Payable?

Future Arab Investment's average Accounts Payable for the three months ended in Mar. 2024 was JOD0.46 Mil. Future Arab Investment's Cost of Goods Sold for the three months ended in Mar. 2024 was JOD2.72 Mil. Hence, Future Arab Investment's Days Payable for the three months ended in Mar. 2024 was 15.36.

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

AMM:FUTR' s Days Payable Range Over the Past 10 Years
Min: 9.14 Med: 13.45 Max: 28.51
Current: 12.85

During the past 13 years, Future Arab Investment's highest Days Payable was 28.51. The lowest was 9.14. And the median was 13.45.

AMM:FUTR's Days Payable is ranked worse than
86.49% of 925 companies
in the Business Services industry
Industry Median: 46.77 vs AMM:FUTR: 12.85

Future Arab Investment's Days Payable increased from Mar. 2023 (13.79) to Mar. 2024 (15.36). It may suggest that Future Arab Investment delayed paying its suppliers.

Future Arab Investment Days Payable Historical Data

The historical data trend for Future Arab Investment'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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Future Arab Investment Days Payable Chart

Future Arab Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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9.14

13.73

13.17

12.77

12.73

Future Arab Investment 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															13.79	9.34	7.41	22.79	15.36

Competitive Comparison of Future Arab Investment's Days Payable

For the Specialty Business Services subindustry, Future Arab Investment'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.

Future Arab Investment's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Future Arab Investment's Days Payable distribution charts can be found below:

* The bar in red indicates where Future Arab Investment's Days Payable falls into.

Future Arab Investment 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.

Future Arab Investment'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
=	( (0.595	+	0.178)	/	2 )	/	11.081	*	365
=	0.3865					/	11.081	*	365
=	12.73

Future Arab Investment'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
=	( (0.178	+	0.738)	/	2 )	/	2.721	*	365 / 4
=	0.458					/	2.721	*	365 / 4
=	15.36

Future Arab Investment Days Payable Related Terms

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Future Arab Investment (AMM:FUTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Future Arab Investment (AMM:FUTR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

128 Sharif Naser Street, Sport City Circle, P.O. Box 20082, Quqa Group Building, Al-Shimaisani, Amman, JOR, 11118

Website

http://www.fainvest.com

Future Arab Investment is a Jordan-based company engaged in the provision of investment project surveys. It is involved in the establishment, development, sale, rental, and management of movable and immovable properties; contribution to other companies; business development; and project management. The revenue is earned from the sale of vehicles, machines, and raw materials; rendering of services; and dividend and interest income.

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