Afaq for Energy Co (AMM:MANE) Days Payable : 27.62 (As of Mar. 2024)

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What is Afaq for Energy Co Days Payable?

Afaq for Energy Co's average Accounts Payable for the three months ended in Mar. 2024 was JOD76 Mil. Afaq for Energy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was JOD250 Mil. Hence, Afaq for Energy Co's Days Payable for the three months ended in Mar. 2024 was 27.62.

The historical rank and industry rank for Afaq for Energy Co's Days Payable or its related term are showing as below:

AMM:MANE' s Days Payable Range Over the Past 10 Years
Min: 11.54 Med: 21.59 Max: 38.96
Current: 34.32

During the past 7 years, Afaq for Energy Co's highest Days Payable was 38.96. The lowest was 11.54. And the median was 21.59.

AMM:MANE's Days Payable is ranked worse than
71.11% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs AMM:MANE: 34.32

Afaq for Energy Co's Days Payable declined from Mar. 2023 (39.19) to Mar. 2024 (27.62). It may suggest that Afaq for Energy Co accelerated paying its suppliers.

Afaq for Energy Co Days Payable Historical Data

The historical data trend for Afaq for Energy 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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Afaq for Energy Co Days Payable Chart

Afaq for Energy Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

11.54

21.59

37.46

38.96

33.56

Afaq for Energy 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															39.19	-	-	26.85	27.62

Competitive Comparison of Afaq for Energy Co's Days Payable

For the Specialty Retail subindustry, Afaq for Energy 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.

Afaq for Energy Co's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Afaq for Energy Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Afaq for Energy Co's Days Payable falls into.

Afaq for Energy 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.

Afaq for Energy 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
=	( (117.228	+	75.602)	/	2 )	/	1048.575	*	365
=	96.415					/	1048.575	*	365
=	33.56

Afaq for Energy 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
=	( (75.602	+	0)	/	1 )	/	249.736	*	365 / 4
=	75.602					/	249.736	*	365 / 4
=	27.62

Afaq for Energy Co Days Payable Related Terms

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Afaq for Energy Co (AMM:MANE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Afaq for Energy Co PLC (AMM:MANE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport street-Foreign Ministry, P.O. Box 925988, Manasir Oil and Gas Management Building, Amman, JOR, 11110

Website

Afaq for Energy Co PLC operates fuel stations in Jordan. It is a trading company and distributor of capital goods.

Afaq for Energy Co (AMM:MANE) Headlines

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