Jordan Express Tourist Transport (AMM:JETT) Days Payable : 113.85 (As of Mar. 2024)

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What is Jordan Express Tourist Transport Days Payable?

Jordan Express Tourist Transport's average Accounts Payable for the three months ended in Mar. 2024 was JOD4.63 Mil. Jordan Express Tourist Transport's Cost of Goods Sold for the three months ended in Mar. 2024 was JOD3.71 Mil. Hence, Jordan Express Tourist Transport's Days Payable for the three months ended in Mar. 2024 was 113.85.

The historical rank and industry rank for Jordan Express Tourist Transport's Days Payable or its related term are showing as below:

AMM:JETT' s Days Payable Range Over the Past 10 Years
Min: 14.42 Med: 24.58 Max: 95.57
Current: 95.57

During the past 13 years, Jordan Express Tourist Transport's highest Days Payable was 95.57. The lowest was 14.42. And the median was 24.58.

AMM:JETT's Days Payable is ranked better than
81.59% of 929 companies
in the Transportation industry
Industry Median: 38.97 vs AMM:JETT: 95.57

Jordan Express Tourist Transport's Days Payable increased from Mar. 2023 (81.96) to Mar. 2024 (113.85). It may suggest that Jordan Express Tourist Transport delayed paying its suppliers.

Jordan Express Tourist Transport Days Payable Historical Data

The historical data trend for Jordan Express Tourist Transport'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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Jordan Express Tourist Transport Days Payable Chart

Jordan Express Tourist Transport Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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28.18

82.66

86.29

77.95

86.99

Jordan Express Tourist Transport 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															81.96	84.97	84.11	106.31	113.85

Competitive Comparison of Jordan Express Tourist Transport's Days Payable

For the Railroads subindustry, Jordan Express Tourist Transport'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.

Jordan Express Tourist Transport's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jordan Express Tourist Transport's Days Payable distribution charts can be found below:

* The bar in red indicates where Jordan Express Tourist Transport's Days Payable falls into.

Jordan Express Tourist Transport 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.

Jordan Express Tourist Transport'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
=	( (4.432	+	4.615)	/	2 )	/	18.98	*	365
=	4.5235					/	18.98	*	365
=	86.99

Jordan Express Tourist Transport'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
=	( (4.615	+	4.65)	/	2 )	/	3.713	*	365 / 4
=	4.6325					/	3.713	*	365 / 4
=	113.85

Jordan Express Tourist Transport Days Payable Related Terms

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Jordan Express Tourist Transport (AMM:JETT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jordan Express Tourist Transport (AMM:JETT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O.Box : 3515, Amman, JOR, 11821

Website

https://www.jett.com.jo

Jordan Express Tourist Transport operates as a tourist bus transportation company. It provides a safe, secure, and punctual public transportation and tours bus service system. The company's main objective to provide transport tourists, pilgrims, and others, purchasing tour buses to transport tourists inside and outside the Kingdom. Jordan's segments include the Tourist Transportation segment; Passengers transportation segment, Fuel Segment, and JTT segment.

Jordan Express Tourist Transport (AMM:JETT) Headlines

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