Jordan Steel (AMM:JOST) Days Payable : 602.34 (As of Mar. 2024)

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What is Jordan Steel Days Payable?

Jordan Steel's average Accounts Payable for the three months ended in Mar. 2024 was JOD9.15 Mil. Jordan Steel's Cost of Goods Sold for the three months ended in Mar. 2024 was JOD1.39 Mil. Hence, Jordan Steel's Days Payable for the three months ended in Mar. 2024 was 602.34.

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

AMM:JOST' s Days Payable Range Over the Past 10 Years
Min: 13.74 Med: 76.12 Max: 430.89
Current: 430.89

During the past 13 years, Jordan Steel's highest Days Payable was 430.89. The lowest was 13.74. And the median was 76.12.

AMM:JOST's Days Payable is ranked better than
98.63% of 585 companies
in the Steel industry
Industry Median: 41.52 vs AMM:JOST: 430.89

Jordan Steel's Days Payable declined from Mar. 2023 (1,186.99) to Mar. 2024 (602.34). It may suggest that Jordan Steel accelerated paying its suppliers.

Jordan Steel Days Payable Historical Data

The historical data trend for Jordan Steel'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 Steel Days Payable Chart

Jordan Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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108.92

272.66

205.16

144.52

404.20

Jordan Steel 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															1,186.99	589.05	375.03	308.83	602.34

Competitive Comparison of Jordan Steel's Days Payable

For the Steel subindustry, Jordan Steel'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 Steel's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jordan Steel's Days Payable distribution charts can be found below:

* The bar in red indicates where Jordan Steel's Days Payable falls into.

Jordan Steel 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 Steel'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
=	( (6.857	+	0)	/	1 )	/	6.192	*	365
=	6.857					/	6.192	*	365
=	404.20

Jordan Steel'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	+	9.149)	/	1 )	/	1.386	*	365 / 4
=	9.149					/	1.386	*	365 / 4
=	602.34

Jordan Steel Days Payable Related Terms

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Jordan Steel (AMM:JOST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jordan Steel (AMM:JOST) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Scientific Islamic College Street, P.O Box 35165, Building Number 3, Al Mamar Al Thani, Amman, JOR, 11180

Website

http://www.jordansteelplc.com

Jordan Steel is a steel firm that specializes in the manufacturing of steel and iron products for the construction industry. The main activity of the company is to produce reinforcing steel and pull-through steel without heating to produce steel bars and for the production of iron skewers contributing to other companies, importing, exporting, marketing, concluding contracts and trade agreements, and borrowing the necessary funds from banks. The company's products include Concrete Reinforcement Steel Bars (Rebars), Flat and Square Bars, Standard Square Bars, and Plane Round Bars. It also manufactures steel billets and wire mesh products in different sizes.

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